The final agreement in between the Texas Blockchain Council & Riot Platforms, Inc., and the Energy Information Administration has actually simply dropped, and it’s a great one.
In amount, the EIA will willingly end the unlawful EIA-862 collection action they started, and they will devote to ruining all the info that they have actually gotten and might still get under the EIA-862. Furthermore, they will also cancel and withdraw the February 9th, 2024 notification for collection, changing it with a brand-new Notice.
This brand-new notification will run for a complete 60 days from the date it is released in the Federal Register, and the EIA also has actually granted guarantee that any comments which have actually been gotten on the Feb. 9th notification will be included and thought about in the brand-new notification.
So here’s the takeaway: the Government needs to go back to the well and do it right. They can’t utilize a pretextual political “emergency” to ram this through, and thankfully the Mining market, through the fast and definitive work of the Texas Blockchain Council & Riot, obstructed that clear infraction.
But the flight is not over, we need to submit our comments on the brand-new information collection notification as quickly as it’s released. And you can see that the battle is going to be harder, as groups antagonistic to bitcoin mining are currently delving into the fray.
The Sierra Club tried to submit an amicus quick in this case. That quick, which did make it on the record (though it was opposed as inappropriate and it’s moot now anyhow), reveals their arguments that they will likely elaborate on in a filing supporting the EIA’s brand-new information collection. Those arguments are as weak as you may anticipate, however they will be out there and will require to be attended to and gotten rid of.
Finally, as a beautiful cherry on top, the Government will also compensate the Texas Blockchain Council & Riot Platforms, Inc., for $2,199.45 of court expenses and lawyer’s charges. Clearly not enough to cover the expenditure, however still a sweet surprise. But let’s be clear, absolutely nothing in this agreement is “an admission of liability or wrongdoing… .” Sure, and “[s]omething is rotten in the state of Denmark,” which can be smelt all the method in Waco, Texas.
This is a visitor post by Colin Crossman. Opinions revealed are totally their own and do not always show those of BTC Inc or Bitcoin Magazine.
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