Brian Morgenstern, the head of public policy at Bitcoin mining company Riot Platforms, shared insights on how the Biden administration's Operation Chokepoint 2.0 has spread to the Bitcoin mining industry. Morgenstern stated that this has similar goals to the government's efforts to de-bank, namely to 'cut off' miners' energy supply. He also mentioned that an immediate investigation is needed into signs of government overreach.
He added that the crackdown on crypto mining began in 2022. At that time, the Biden administration released a white paper on Central Bank Digital Currency (CBDC). The white paper proposed to limit or eliminate Bitcoin mining in the country and specifically highlighted the Operation Chokepoint 2.0 strategy adopted by the Biden administration. This includes a 30% tax on the energy used by crypto mining companies in their operations, and earlier this year, the government required all Bitcoin mining companies to undergo comprehensive energy audits. (CoinGape)

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