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Hello guyz!,🥳🥳

Participate in the #ScamRiskWarning campaign and stand a chance to win up to $500 FDUSD! Share your experiences with crypto scams and provide suggestions for enhancing Binance's risk measures.

Posts should be original, detailed, and at least 100 characters long. Winners will be selected based on engagement, with each receiving 125 FDUSD.

Make sure your content aligns with the campaign rules. Check Binance's blog for more information on scams and stay updated with @Binance Risk Sniper on Binance Square. Terms and conditions apply.

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$BNB 🔥🔥🔥🔥Cryptocurrency Mining and Unstable Rainfall Challenge Laos' Power Supply🔥🔥🔥🔥 According to Odaily, Somboun Sangxayarath, an advisor to the state-owned Electricite du Laos (EDL), has stated that the country's power demand has increased due to cryptocurrency mining and unstable rainfall, leading to power shortages. This indicates that Laos' prospects as a hydropower exporter in Southeast Asia are facing challenges. Laos, known as the 'battery' of Southeast Asia due to its hydropower export potential, provides the cheapest and most stable clean energy, which is crucial for the Southeast Asian region striving to expand solar and wind energy scales for decarbonization. Sangxayarath mentioned that the policy of establishing data centers in 2021 led to the boom of cryptocurrency mining business, which currently accounts for more than a third of Laos' power demand. Reduced rainfall has suppressed hydropower output, leading to power outages. Over the past decade, hydropower has accounted for 80% of Laos' power generation, most of which is sold by independent power producers through cross-border transactions with Thailand and Vietnam. Sangxayarath added that in the domestic market, EDL is the power supplier and has become a net importer since 2021, requiring up to 600 megawatts (MW) of additional capacity during peak demand periods, which has more than doubled the company's costs. Last year, Laos stated that it would not supply power to cryptocurrency projects that have not yet started operations. Although this order is still in effect, Sangxayarath said that it is still actively considering new investment proposals and seeking to increase power supply. for more updates keep following me. $BTC $ETH
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,,🔥NEW🔥 US Senator Cynthia Lummis Advocates for Bitcoin Legislation According to CryptoPotato, U.S. Senator Cynthia Lummis has shown her support for Bitcoin legislation by posting 'Bitcoin laser eyes' on social media. This comes after the Senate passed H.J.Res. 109, a legislation aiming to overturn the SEC’s Staff Accounting Bulletin (SAB) No. 121. Senator Lummis, who represents Wyoming, is a known advocate for Bitcoin, viewing it as a reliable store of value and a protection against inflation. As a member of the Senate Banking Committee, she is pushing for a regulatory framework that encourages crypto innovation while protecting consumers. The Senate recently passed legislation aimed at dismantling SAB 121, which imposes strict restrictions on financial institutions, preventing them from acting as custodians for digital assets like Bitcoin. H.J.Res. 109, under the Congressional Review Act, seeks to remove these barriers, allowing regulated financial firms to provide custody services for cryptocurrencies. Before the legislation was passed, Senator Lummis expressed her support for overturning SAB 121, criticizing it as a rule disguised as accounting guidance, implemented by SEC staff without majority commission approval. Senator Lummis, along with Senator Ron Wyden of Oregon, recently wrote a letter to U.S. Attorney General Merrick Garland expressing concerns over the perceived divergence in the Department of Justice’s interpretation of 'money transmission' regulations. They argued that this deviation from FinCEN’s established definition could criminalize fundamental aspects of crypto networks, affecting responsible financial innovation in the U.S. However, the White House has expressed its opposition to the passed legislation. A recent statement indicated that President Biden would veto the bill if it reached his desk, arguing that overturning SAB 121 would undermine the SEC’s efforts to protect investors in the crypto-asset markets and safeguard the broader financial system. for more updates keep following #BTC☀️ $BTC $ETH $
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