White House Office is Seeking Public Opinion About Climate Impact of Cryptos

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The US Office of Science and Technology Policy (OSTP) has started research into the energy offset and climate change offset opportunities associated with digital assets.

The US President Joe Biden signed on March 9 an executive order directing various federal agencies to study the impact of digital assets in six key areas: consumer and investor protection, financial stability, financial inclusion, responsible innovation, the United States’ global financial leadership and combating illicit financial activities.

As part of the initiative, the OSTP has invited the general public and other stakeholders to share their views on the various factors that affect the energy consumption and climate impact of all types of digital assets and cryptocurrencies:

“@POTUS has made it clear that digital assets and cryptocurrencies must support our climate goals. @WHOSTP posted a Request for Information today, seeking YOUR comments on the impact of digital assets on energy and climate. Be sure to reply by 5:00 pm ET on May 9th.”

President Biden’s executive order requires the OSTP to submit a digital asset report to identify factors that negatively or positively affect energy and climate issues. According to the official notice:

“In particular, this Right to Information (RFI) requires commentary on the protocols, equipment, resources, economics and other factors that determine the energy use and climate impact of all types of digital assets.”

In addition, the OSTP is exploring public opinion about the potential benefits of digital assets in addressing growing energy and climate challenges.