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In a significant turn of events, <a href="https://ultramining.com/news/en/senator-lummis-pushes-for-crypto-regulation-amid-sec-lawsuits/" rel="noopener noreferrer nofollow">U.S.</a> energy officials have reached an agreement with the <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">Texas</a> Blockchain Council (TBC) and Bitcoin mining firm <a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a> Platforms to terminate a controversial emergency survey aimed at <a href="https://ultramining.com/news/en/cryptocurrency-miners-strike-gold-with-record-13-9b-net-profit/" rel="noopener noreferrer nofollow">cryptocurrency miners</a> across the nation. This decision comes after intense criticism from the crypto mining community, which raised concerns about the survey's implications for innovation and economic growth in the <a href="https://ultramining.com/news/en/pennsylvania-a-new-hub-for-cryptomining-ignites-environmental-concerns/" rel="noopener noreferrer nofollow">United States</a>, according to <a href="https://cointelegraph.com/news/us-department-of-energy-eia-riot-platforms-texas-blockchain-council" rel="noopener noreferrer nofollow">Cointelegraph</a>.
The dispute centered around the "EIA-862 Emergency Collection Request," a proposed three-year emergency survey by the U.S. Department of Energy, the Energy Information Administration (EIA), and the Office of Management and Budget (OMB). The survey aimed to gather extensive information from <a href="https://ultramining.com/news/en/hut-8s-q2-2023-a-bitcoin-mining-marvel/" rel="noopener noreferrer nofollow">crypto miners</a>, but faced backlash for what many saw as its intrusive nature and potential political motives.
According to a March 2 court filing, all data previously collected from crypto miners will be destroyed, and any future submissions will also be discarded. This move addresses the grievances of the TBC and Riot Platforms, which argued that the survey posed undue burdens and risks to crypto miners, including non-recoverable compliance costs, the threat of prosecution for non-compliance, and the forced disclosure of proprietary information.
In a conciliatory gesture, the energy officials have agreed to a new approach, allowing for public comment on the information collection process. This opens a 60-day window for feedback following the publication of a new Federal Register Notice, signaling a more collaborative stance towards understanding and regulating the crypto <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a>.
The resolution of this dispute marks a victory for the crypto mining community, reinforcing the importance of dialogue and cooperation between regulators and the burgeoning digital currency sector.&nbsp;

Crypto Mining Survey Controversy: U.S. Energy Officials to Destroy Collected Data

Ultramining_Eng

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