U.S. Senator Cynthia Lummis Sees Bitcoin Mining Boosting The U.S. Energy Industry - BitcoinEthereumNews.com
BitcoinU.S. Senator Cynthia Lummis Sees Bitcoin Mining Boosting The U.S. Energy Industry03 / 21 / 2022बिटकॉइन एथेरियम समाचार The relevance of the nascent Bitcoin industry keeps getting new highlights for its potential, which suggests that it will transcend just being a payment network or store of value. For some US Congress members, Bitcoin represents a solution to generations-old energy problems. US senators say Bitcoin can help the US achieve energy independence In a tweet today, US House of Representatives member Pete Sessions (R-TX) stated that Bitcoin mining will “play a critical role” in making Americas energy sector independent. His assertion received near-instant backing by Senator Cynthia Lummis (R-WY) who has long been a crusader for Bitcoin within Congress. https://twitter.com/CynthiaMLummis/status/1505970740100743175?t=hr-ZDrsj_iCbWHKW341TTQ&s=19 Energy independence is a decades-old concept that keeps cropping up whenever a geopolitical crisis or market tumult leads to higher oil prices. Amid the Russia-Ukraine crisis, the price of crude oil has spiked. This in turn has led to an increase in the price of gas costs even though the US is a major producer of crude. Earlier this month, President Joe Biden bemoaned the situation with fluctuations in energy prices due to external influences. He called on Americans to look more into renewable energy to promote energy