According to Odaily Planet Daily, Brian Morgenstern, director of public policy at Riot Platforms, shared how the Biden administration’s Operation Chokepoint 2.0 affects the Bitcoin mining industry.
Morgenstern said the plan was similar to debanking efforts and was designed to “cut off” miners from their energy supplies. He called for an investigation into signs of government overreach.
He noted that the crackdown on crypto mining began in 2022, when the Biden administration released a white paper on central bank digital currency (CBDC) that proposed restricting or eliminating Bitcoin mining.
The white paper specifically highlights the Operation Chokepoint 2.0 strategy, which includes a 30% tax on energy used by crypto miners and requires comprehensive energy audits.