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US judge halts government effort to monitor crypto mining energy use
Federal judge in Texas says new requirement would cause ‘irreparable injury’ to industry amid surging electricity usage
A federal judge in Texas has granted a temporary order blocking the new requirements that would ascertain the energy use of the crypto miners, stating that the industry had shown it would suffer “irreparable injury” if it was made to comply. Last year it emerged that authorities in Texas paid a bitcoin enterprise called Riot more than $31m in energy credits to voluntarily lower its electricity usage during a heatwave that caused a spike in power demand from the public. “This is an attack against legitimate American businesses with the administration feigning an emergency to score political points,” said Lee Bratcher, president the Texas Blockchain Council, one of the groups that sued to stop the survey.
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