According to Odaily, Brian Morgenstern, the Director of Public Policy at Bitcoin mining company Riot Platforms, has shared insights on how the Biden administration's Operation Chokepoint 2.0 is affecting the Bitcoin mining industry. Morgenstern highlighted that the initiative aims to "cut off" miners' energy supplies, similar to the administration's efforts to debank certain sectors. He emphasized the need for immediate investigation into signs of government overreach.
Morgenstern noted that the crackdown on crypto mining began in 2022, coinciding with the Biden administration's release of a white paper on central bank digital currencies (CBDCs). The document proposed restricting or eliminating Bitcoin mining in the United States and underscored the use of Operation Chokepoint 2.0 strategies. This includes imposing a 30% tax on the energy used by crypto mining companies and requiring comprehensive energy audits from all Bitcoin miners earlier this year.
