EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study

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The US Vitality Info Administration (EIA) has agreed to discard any knowledge it already collected in response to its emergency Bitcoin mining survey, courtroom paperwork filed Friday confirmed.

If the company receives any additional knowledge, it has dedicated to destroying that as nicely.

“EIA will sequester and preserve confidential any info it has obtained or will obtain in response to the EIA-862 Emergency Survey till it’s destroyed,” the submitting stated.

The settlement with the Texas Blockchain Council successfully terminates a short lived restraining order that had been in impact till March 8, halting the US power regulators from accumulating the info through the lawsuit.

Additional, the EIA will now provoke a 60-day interval for public suggestions because it prepares to challenge a brand new discover proposing the gathering of knowledge to exchange the earlier one. The company dedicated to reviewing any feedback obtained in response to the discover.

BREAKING: Our lawsuit towards the @EIAgov has efficiently HALTED their emergency survey concentrating on #Bitcoin miners.

Earlier than contemplating any related requests sooner or later, the EIA will HAVE TO comply with commonplace discover and remark processes.

Learn extra:https://t.co/phJ9huTyv4

— Texas Blockchain Council (@TXblockchain_) March 1, 2024

Texas Blockchain Council Challenges EIA’s ‘Illegal’ Bitcoin Mining Survey

In February, the Texas Blockchain Council (TBC) and cryptocurrency miner Riot Platforms sued the EIA, claiming that the company’s lately applied necessary survey constitutes unlawful knowledge gathering from the business.

The council described the motion as aligning with a bigger technique by Senator Elizabeth Warren and the Biden Administration, claiming they’ve adopted a complete method throughout all authorities companies to focus on the digital asset business.

TBC additionally described the motion as a direct assault on personal enterprises disguised as an emergency measure.

EIA Agrees to Pay Authorized Charges to Texas Blockchain Council

The EIA pays the Texas Blockchain Council $2,199.45 for authorized charges and prices as much as March 1, 2024. The council agreed that it received’t search additional reduction, and each events will ask the courtroom to droop and shut the case.

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