US Congressman Says Bitcoin Mining Will Play Vital Role in US

1648036444 bitcoin mining business

Last updated March 23, 2022

The United States government officials believed that the Bitcoin mining industry can play an important role for the nation to become independent in recovering energy.

In present times Bitcoin is at that level where Bitcoin mining is not easy with little computing power nor easy to be lucky to get a reward from Bitcoin network to solve the transaction calculations but mining on a large level is what gives better opportunities to those countries, which have an abundant amount of power/energy. In particular, El Salvador is working to leverage its volcano-based thermal power plant ecosystem for Bitcoin mining. Kazakhstan also took the opportunity of China’s crypto ban and welcomed the crypto mining companies to conduct their crypto mining operations in the country under friendly laws.

On March 21, Pete Sessions, an American politician, expressed his kind words in favor of Bitcoin and Bitcoin mining operations in the US.

This 67-year-old Republican said the Bitcoin mining operator will play a vital role in providing the US with a situation to rebuild energy.

Many Twitter users, from the Bitcoin community, responded to this tweet from the US Congresswoman, claiming that Bitcoin mining is better, but you are 10 years late, while few users are raising their voices against the lawsuit underway between the US regulators and the company Ripple.

This pleasant tweet from Pete gets support from crypto-friendly US Senator Cynthia Lummis of Wyoming. Cynthia retweeted this tweet from Pete.

Cynthia Lummis has owned Bitcoin since 2013. She bought 5 Bitcoins in 2013 at a price of $300. For a few years now, she has been supporting bitcoin with government agencies and is also working on a bill to clarify the US rules and regulations on crypto companies.

Last year, Cynthia suggested people have Bitcoin in the pension funds. She also contributed to the controversial $1 trillion US infrastructure bill, where the definition of crypto broker was not in favor of the crypto future.

Also Read: Stronghold Digital Mining with Waste from Coal Power Plants in Bitcoin Mining

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