US Legislators Call for Greater Transparency on Crypto Mining Emissions – Regulation Incoming?
In a press release, Senator Markey listed 16 public organizations that support the bill, including such groups as the Sierra Club, Greenpeace USA, Food and Water Watch, and National Stop Crypto Coalition. He said in a comment:
The SEC, in particular, has been cracking down on crypto companies. In early February, the agency reached an agreement with crypto exchange Kraken to stop offering staking services or programs to clients in the country and pay $30 million in fines.
Furthermore, the commission has threatened Paxos, a US-registered firm that issues Binance’s stablecoin Binance USD (BUSD), with legal action due to its issuance of BUSD tokens. The agency argued that BUSD is considered an unregistered security.