The ultimate settlement between the Texas Blockchain Fee and Riot Platforms, Inc. and the Vitality Data Administration simply got here down, and it’s a great one.
In abstract, EIA will voluntarily terminate the unlawful EIA-862 assortment operations they initiated, and they’ll decide to destroying all info underneath EIA-862 that they’ve acquired and should still obtain. Moreover, they’ll cancel and withdraw the February 9, 2024 assortment discover and exchange it with a brand new discover.
This new discover will stay within the Federal Register for 60 days from the date of publication, and EIA additionally agreed to make sure that any feedback acquired on the February 9 discover shall be integrated into and regarded within the new discover.
So the purpose is: the federal government should get again on monitor and take the fitting actions. They will’t use a pretextual political “emergency” to pressure an answer to this drawback. Happily, by means of the short and decisive work of the Texas Blockchain Fee and Riot, the mining trade stopped this clear violation.
However the flight is not over but, and we should submit our feedback as quickly as the brand new information assortment discover is launched. You may see that the battle goes to get fiercer as teams against Bitcoin mining have joined the combat.
The Sierra Membership tried to file an amicus temporary within the case. The temporary was certainly on the report (though it was objected to as inappropriate and is now moot), and it lays out their arguments, which they might elaborate on in paperwork supporting the EIA’s new information assortment . These arguments are as flimsy as you possibly can think about, however they’re right here to remain and must be addressed and overcome.
Lastly, because the icing on the cake, the federal government may even reimburse the Texas Blockchain Fee and Riot Platforms, Inc. $2,199.45 in courtroom prices and lawyer charges. Clearly not sufficient to cowl the price, however a candy shock nonetheless. However let’s be clear, nothing on this Settlement is an “admission of legal responsibility or wrongdoing…”. In fact, and “[s]“One thing’s rotten in Denmark,” and you’ll odor it in every single place in Waco, Texas.
It is a visitor put up by Colin Crossman. The views expressed are totally their very own and don’t essentially mirror the views of BTC Inc or Bitcoin Journal.
