Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy.

12/15/2023, 3:51 PM

This resolution expresses the belief that the United States should invest in the digital asset industry and Proof-of-Work mining to improve U.S. energy independence through associated innovations.

Bill 118 HRES 238, titled "Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining," highlights the significance of Proof-of-Work mining, specifically in the context of certain cryptocurrencies like Bitcoin, to the United States' energy goals and economic growth.

The bill emphasizes the role of Proof-of-Work mining in supporting the energy sector and boosting the economy. It acknowledges the potential benefits of this mining method in terms of energy efficiency and economic development. The House of Representatives recognizes the importance of maintaining a competitive edge in the global market by leveraging Proof-of-Work mining for cryptocurrencies.

Furthermore, the bill underscores the need for the United States to prioritize and support Proof-of-Work mining as a key component of its energy strategy. It calls for policies and initiatives that promote the growth of this mining method to ensure the country's energy goals are met and its economy continues to thrive. Overall, Bill 118 HRES 238 serves as a statement of support for Proof-of-Work mining and its role in advancing the United States' energy objectives and economic prosperity. It highlights the importance of embracing this technology to stay competitive in the global landscape and achieve sustainable growth.
Congress
118

Number
HRES - 238

Introduced on
2023-03-21

# Amendments
0

Sponsors
+5

Variations and Revisions

3/21/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This resolution expresses the belief that the United States should invest in the digital asset industry and Proof-of-Work mining to improve U.S. energy independence through associated innovations.

Bill 118 HRES 238, titled "Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining," highlights the significance of Proof-of-Work mining, specifically in the context of certain cryptocurrencies like Bitcoin, to the United States' energy goals and economic growth.

The bill emphasizes the role of Proof-of-Work mining in supporting the energy sector and boosting the economy. It acknowledges the potential benefits of this mining method in terms of energy efficiency and economic development. The House of Representatives recognizes the importance of maintaining a competitive edge in the global market by leveraging Proof-of-Work mining for cryptocurrencies.

Furthermore, the bill underscores the need for the United States to prioritize and support Proof-of-Work mining as a key component of its energy strategy. It calls for policies and initiatives that promote the growth of this mining method to ensure the country's energy goals are met and its economy continues to thrive. Overall, Bill 118 HRES 238 serves as a statement of support for Proof-of-Work mining and its role in advancing the United States' energy objectives and economic prosperity. It highlights the importance of embracing this technology to stay competitive in the global landscape and achieve sustainable growth.
Alternative Names
Official Title as IntroducedExpressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy.

Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Summary7/19/2023

This resolution expresses the belief that the United States should invest in the digital asset industry and Proof-of-Work mining to improve U.S. energy independence through associated innovations.


Latest Action3/21/2023
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Foreign Affairs, Financial Services, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration ...