US Crypto Miners Get New Lobby Group as Nation Mulls Crypto Regulatory Framework

Updated: 16 August 2023

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Crypto miners are getting a new lobby group to help advance their interests among US policymakers as the nation seeks to establish a comprehensive regulatory framework for cryptocurrencies.

The Digital Energy Council (DEC) was launched on Aug. 15 with the aim of educating policymakers and key stakeholders and removing any misconceptions about crypto mining, the body says on its website.

It will “promote responsible and sustainable energy development, grid resilience, maintain United States competitiveness, and protect national security,” it said in a statement.

Digital Energy Council to Focus on Three Key Areas

The Washington-based Digital Energy Council is the first member association that exclusively focuses on the intersection of energy security and digital asset mining. It will focus on three critical areas: US energy development, national security, and economic advancement, says its website.

Founder and President Tom Mapes previously served at the Department of Energy as the chief of staff for international affairs, where he was responsible for international energy coordination throughout the US government.

Prior to that, he spent several years on Capitol Hill serving several energy-focused members of Congress and also led the first mining-focused government advocacy campaign at the federal level in the US.

Today we are launching the Digital Energy Council @digitalenergyUS. DEC is the first member association solely focused on the intersection of digital asset mining ⛏️and energy policy⚡ at the federal level. #digitalenergy

— Digital Energy Council (@DigitalEnergyUS) August 15, 2023

Time for Crypto Miners to Have a Unified Voice – Mapes

Crypto miners are facing calls from President joe Biden for a punitive 30% excise tax on their operations and are frequently criticised for causing environmental damage.

It is time for crypto miners to have a unified voice in Washington, Mapes told Coin Telegraph.

“I see energy companies, utility companies, power providers – the big majors – all taking a look at this new technology and figuring out ways they can get involved in this,” he said.

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