The Chamber of Digital Commerce, an advocacy company for digital development and Bitcoin, has actually revealed a new effort called the Digital Power Network.
The Digital Power Network’s main objective is to supporter for Bitcoin mining and drive forward efficient energy policy, intending to change energy markets by promoting Bitcoin. The core belief behind this venture is that Bitcoin mining can assist motivate financial investments in renewable resource, and improve grid stability.
Boasting a strong subscription lineup consisting of market giants such as Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon, Riot, Sustainable Bitcoin Protocol, and Terawulf, this consortium represents over 50% of the U.S. Bitcoin hash rate and objectives to improve the energy landscape while driving the future of energy policy in Washington.
“We are thrilled to introduce our inaugural affiliate organization, the Digital Power Network,” stated Founder and CEO of The Chamber of Digital Commerce, Perianne Boring. “Digital asset mining, at its heart, is both an energy and national security matter, and we firmly believe that Bitcoin will drive policies that unite all political stakeholders to advance this crucial industry in the United States.”
Through advocacy, collaborations and education, the Digital Power Network is trying to materialize policy modification in Washington. Their goal is to “forge a robust alliance encompassing policymakers, regulators, media influencers, and economic stakeholders,” a representative for the Digital Power Network informed Bitcoin Magazine.
With a cumulative voice, they will deal with policy makers to get policy that makes a genuine distinction for Bitcoin miners.
Jason Les, CEO of Riot, highlighted the transformative capacity of this effort to push forward useful Bitcoin mining policy in the United States, specifying, “At its core, Bitcoin mining converts stranded, low-cost energy into a valuable commodity, which is why our industry has tremendous potential.”
With this initiative, the Chamber of Digital Commerce aims to lead the conversation in digital energy advocacy and policy transformation. Fred Thiel, CEO of Marathon, also highlighted the importance of the Digital Power Network, stating “Having a voice like the Digital Power Network in Washington is important for ensuring that the perspectives of digital energy stakeholders are considered.”
The Digital Power Network desires to position the United States as a leader in the digital energy transformation, lining up financial development with ecological sustainability.
The effort has actually currently made its mark on the policy front, especially by pioneering the intro of the very first pro-proof-of-work resolution in the U.S. House of Representatives.
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