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 effectively.
“EIA will sequester and hold confidential any data it has acquired or will obtain in response to the EIA-862 Emergency Survey till it’s destroyed,” the submitting mentioned.
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 vitality regulators from gathering the information throughout the lawsuit.
Additional, the EIA will now provoke a 60-day interval for public suggestions because it prepares to subject a brand new discover proposing the gathering of knowledge to exchange the earlier one. The company dedicated to reviewing any feedback acquired in response to the discover.
BREAKING: Our lawsuit towards the @EIAgov has efficiently HALTED their emergency survey focusing on #Bitcoin miners.
Earlier than contemplating any comparable requests sooner or later, the EIA will HAVE TO observe 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 obligatory survey constitutes unlawful knowledge gathering from the trade.
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 businesses to focus on the digital asset trade.
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.
