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Bitcoin Mining Council Looks at Best Practices, Energy Usage, Says Ohio Rep

Rep. Warren Davidson (R-Ohio 8th District), ranking member of the congressional FinTech Task Force, joined Cheddar to talk about the state of cryptocurrency in the U.S. after the establishment of the Bitcoin Mining Council. He said the group is focused on monitoring energy consumption, policy surrounding the digital currency, and establishing best practices. Davidson also added that he supports creating a regulated U.S. digital currency differing in terms of privacy practices from China’s planned crypto, which he alleged allows Beijing to track citizens through purchases.

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