Crypto meets real world concerns in mining policy discussion


Episode 45 Season 4 of The Scoop was remotely recorded with Aislinn Keely of The Block and Growth Chief Scientific Vice President Taras Kulyk and New York Assemblyman Clyde Vanel.

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Much of the political conversation surrounding cryptography is concerned with Wall Street issues that take place primarily in the digital world: investor protection, cybersecurity, licensing to provide financial services online. But the political conversation about working test mining is asking cryptocurrencies to deal with real-world problems. Mining companies are responding to environmental narratives, concerns about noise pollution, and questions about how a data center can improve a community.

This episode of Policy Scoop delves into mining policy dialogues, from the federal level to local communities. Host Aislinn Keely sits down with Taras Kulyk, senior growth vice president of mining company Core Scientific, to talk about the views of regulators and lawmakers on working test mining and how the industry is addressing those concerns.

“It all comes down to the executive order of the Biden administration dealing with a wide range of things. But environmental impact has become the key meeting mark for digital asset miners in the United States,” Kulyk said. “The good thing is that there seems to be a lot of misinformation that can be suffocated and treated very easily within Washington, specifically that for some reason, lawmakers think digital miners produce CO2.”

New York Assembly member Clyde Vanel also joins the program to talk about the proposed moratorium on mining in the state and why he thinks that is not the answer to environmental concerns. Vanel shares how he has seen mining companies positively shape some of New York’s communities and why he has hopes for their role in the state.

In this episode of Policy Scoop, Keely also talks to Kulyk and Vanel about:

  • House Democrats letter to EPA and industry response
  • How the SEC’s environmental disclosures could affect mining companies
  • The proposed mining moratorium in New York
  • As mining companies are facing community concerns

This episode is offered to you by our sponsors Fireblocks, Coinbase Prime and Cross River
Fireblocks is an enterprise-level platform that provides a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables stock exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset transactions across the Fireblocks Network and MPC-based portfolio infrastructure. Fireblocks serves more than 725 financial institutions, has managed to transfer more than $ 1.5 trillion in digital assets, and has a single insurance policy that covers assets in storage and transit. For more information, visit www.fireblocks.com.

About Coinbase Prime
Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and core services to manage all of their cryptographic assets in one place. Coinbase Prime fully integrates cryptocurrency trading and custody into a single platform and offers customers the best full prices on their network through its proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime.

About Cross River
Cross River is driving today’s most innovative cryptographic businesses, with banking and payment solutions you can rely on, including fiat on / off ramp solutions. Whether you’re a cryptocurrency exchange, an NFT market, or a wallet, the Cross River API-based all-in-one platform enables banking as a service, ACH and bank transfers, push-to-card disbursements, real-time payments, and virtual services. . accounts and auxiliary books. Request your fiat on / off ramp solution now at crossriver.com/crypto.

© 2022 The Block Crypto, Inc. All rights reserved. This article is for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.



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