The US Energy Information Administration (EIA) has made a decision to discard all data collected from its emergency Bitcoin mining survey, according to recent court filings.
Following this resolution, the EIA is set to initiate a 60-day period inviting public feedback in preparation for a new notice on data collection. This step indicates the agency’s openness to considering public input prior to advancing with any new data collection efforts.
The lawsuit reflects wider concerns among cryptocurrency entities regarding regulatory examination, especially concerning energy consumption.
The opposition from the Texas Blockchain Council frames the EIA’s survey as part of a wider governmental strategy aimed at regulating the digital asset industry. They characterized it as an unwarranted intrusion on private businesses, suggesting it reflects a coordinated effort by Senator Elizabeth Warren and the Biden Administration to extend regulatory oversight across the digital asset spectrum.
As part of the settlement, the EIA will reimburse the Texas Blockchain Council $2,199.45 for legal expenses incurred up to March 1, 2024. Furthermore, both parties have agreed not to seek further legal action and will request the court to dismiss the case.
