United States Senator Elizabeth Warren has blamed the Bitcoin mining industry for the increasing energy bills in American households, citing an unverified mainstream report. Crypto Twitter, however, was quick to challenge the allegations and dispel the misinformation.
Senator Warren has been known for her critical stance on the crypto ecosystem, and the latest accusations against Bitcoin mining were based on a New York Times article.
The report accused Bitcoin miners of exploiting electricity and indirectly burdening the public with rising energy costs.
In response, Senator Warren urged the U.S. Environmental Protection Agency and Department of Energy to require cryptominers to disclose their energy use and emissions.
However, entrepreneurs and experts in the crypto industry responded, trying to correct the misinformation. Bitcoin podcaster Stephan Livera dismissed the NYT report, calling it “filled with disinformation.”
MicroStrategy founder and chairman Michael Saylor also contradicted Warren’s statement, explaining how Bitcoin mining helps decrease energy bills and does not contribute to pollution.
Other members of the Crypto Twitter community tried to involve Elon Musk, the CEO of Tesla and a vocal critic of disinformation campaigns. Musk has been actively fighting against such campaigns and recently revealed his plans to launch TruthGPT, a large language model that seeks to explore the mysteries of the universe.
The New York Times also recently lost its verified blue mark on Twitter after refusing to comply with a subscription requirement. Cointelegraph reported on a method to identify those who paid for Twitter Blue verification.
