From Nasdaq:

The U.S. Department of Energy’s emergency bitcoin mining order has been challenged by Bitcoiners, leading to the Energy Information Administration dropping its mandatory survey. The lawsuit filed by various entities highlighted the lack of justification for the original order, prompting the EIA to seek data through proper channels with a 60-day public comment period.

The crypto industry mobilized against the EIA’s data request, citing concerns about politicization and potential harm to miners’ constitutional rights. The lack of information about protecting sensitive corporate data and the threat of penalties for non-compliance raised red flags. Industry insiders are celebrating the victory as the EIA reevaluates its approach to gathering information.

The EIA’s decision to seek data through transparent means instead of coercive measures has been met with relief by the crypto industry. Challenges from prominent figures like Gary Gensler, Janet Yellen, and Elizabeth Warren have put crypto under scrutiny, making this victory significant. States like New York are also looking to regulate mining activities, highlighting the ongoing battle between regulators and the crypto sector.



Read more at Nasdaq: Bitcoin Miners Show Muscle Pushing Back Against Warrantless ‘Emergency’ Order