Environment
President Trump announced the U.S. would withdraw from the U.N. Framework Convention on Climate Change, raising immediate legal questions about unilateral withdrawal and implementation. The decision could ripple into crypto markets that rely on carbon markets and energy policy clarity.
Greenidge reached a settlement securing a five-year air permit after committing to cut greenhouse gas emissions by 44% over four years, a move that sent its stock higher. The deal underlines growing regulatory scrutiny of bitcoin mining and sets a potential template for environmentally focused mining operations.
A recent United Nations University study highlights the significant environmental impact of Bitcoin mining, including heavy reliance on fossil fuels and enormous energy consumption. The report urges investment in energy-efficient cryptocurrencies and government intervention to reduce carbon emissions.