🧵 1. U.S. court halts Energy Dept.'s crypto mining survey following legal challenge from Texas entities, criticizing process as "sloppy." Survey paused by temporary restraining order. #crypto
🧵 1. U.S. court halts Energy Dept.'s crypto mining survey following legal challenge from Texas entities, criticizing process as "sloppy." Survey paused by temporary restraining order. #crypto
🧵 2. Survey aimed to assess electricity usage by crypto mining firms due to increased crypto activity. Energy Information Administration cited concerns over impact on U.S. power industry.
🧵 3. Texas groups sued, claiming survey forced disclosure of private info without proper authority under Paperwork Reduction Act. Judge finds emergency justification lacking.
🧵 4. Energy Dept. won't penalize firms for survey non-compliance till March 22. Texas Blockchain Council President says ruling validates lack of compliance with regulations.
🧵 Read more at: https://www.theblock.co/post/279153/sloppy-us-crypto-mining-survey-put-on-pause-by-texas-judge