Greenpeace criticized the approval of Bitcoin ETF in the US
The international environmental organization Greenpeace criticized the decision of the US Securities and Exchange Commission (SEC) regarding spot Bitcoin ETFs.
Environmentalists say it was a win for Wall Street, âbut a loss for the climate and society.â
âWithout significant and measurable changes to Bitcoin mining practices in the near term, this poses significant challenges to our efforts to reduce carbon emissions and prevent the worst impacts of the climate crisis,â the statement said.
The organization called on BlackRock, Fidelity and other financial institutions investing in the first cryptocurrency to play an active role in solving the problem of carbon dioxide emissions.
âAs the price of Bitcoin rises, so does its environmental impact. Miners use more electricity [âŠ]. This electricity is produced predominantly from fossil fuels, leading to increased carbon dioxide emissions and water consumption,â Greenpeace added.
