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Joe Biden’s Government is Mining ‘Bitcoin, Says White House Adviser

CryptocurrencyDec 06, 2021 03:31AM ET
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Joe Biden’s Government is Mining ‘Bitcoin, Says White House Adviser

  • The disclosure was made by bitcoin mining expert and government advisor, Whit Gibbs, during an interview.
  • The expert argues that countries like El Salvador are on the right track by adopting bitcoin in their economies.
  • Senator Elizabeth Warren puts pressure on a New York miner claiming his operations impact climate change.

Cryptocurrency expert and White House adviser Whit Gibbs shows that Joe Biden’s government is mining bitcoins. The also CEO of Compass Mining made the reveal during an interview on Anthony Pompliano’s Best Business Show on Wednesday, December 1.

During a conversation about the countries that currently mine bitcoins, the name of the United States came up by accident. The interviewer spoke about the mining activities carried out by El Salvador and also by the Venezuelan government.

When Pompliano asked Gibbs what the US was needing to start mining the so-called digital gold, the interviewee clearly said, “America is already exploding …” but he immediately corrected himself and slipped the word “maybe”.

“They can have 10 to 20 watts running somewhere in the Midwest to test it. Maybe. It's hypothetically speaking," said the bitcoin mining expert slyly while clarifying that the issue was national security.

According to Gibbs, bitcoin mining could help developing countries improve their living standards. For the adviser to the US government, the bitcoin plan that El Salvador is carrying out will have positive consequences in the next 20 to 30 years.

But Pompliano took up the issue of bitcoin mining by the federal government and mentioned that a federal agency was involved in mining BTC.

On The Flipside

  • Instead of requesting the approval of a budget to mine bitcoins, which would be more difficult, the agency scrambled to add more computers dedicated to cryptocurrency mining.

According to Pompliano, this activity has been taking place in the United States since 2013, according to what a former intelligence agent revealed to him, who did not reveal his identity.

Afterwards, the interviewer invited Gibbs to continue sharing other incredible stories with his viewers. Then the expert said smiling: “This is how you get in trouble.”

Senator Elizabeth Warren launches repressive campaign against BTC mining Meanwhile, influential Republican senator Elizaberth Warren lobbies a bitcoin mining company in New York about the impact its operations have on climate change.

Warren started a campaign that seeks to eliminate cryptocurrency mining in the country. In a letter sent to Jeff Kirt, CEO of Greenidge Generation Holdings, the senator warned of concerns about the company’s operations.

For his part, Greenidge calls himself the first carbon neutral BTC miner in the United States. The businessman owns a TBC mine in New York state and plans to build another in South Carolina.

“Given the extraordinarily high energy use and carbon emissions associated with mining Bitcoin, mining operations at Greenidge and other plants raise concerns about their impacts on the global environment, local ecosystems, and the electricity costs of the country. consumer," Warren wrote in his letter sent Thursday.

Why You Should Care?

  • While Joe Biden’s Democratic government is mining bitcoins for funds to cover its huge tax bill, GOP lawmakers led by Warren are considering cutting off that supply by banning mining.
Greenidge has responded to the senator that her company “meets all of the nation’s leading environmental standards of New York, provides economic opportunity to an underserved area of ​​the state, and is a model for cryptocurrency mining with broad local support.”

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Joe Biden’s Government is Mining ‘Bitcoin, Says White House Adviser
 

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Comments (2)
David Phillips
David Phillips Dec 07, 2021 9:31PM ET
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Elizabeth Warren is a Democrat, not a Republican
Val Lange
Val Lange Dec 06, 2021 4:00AM ET
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Mining = burning the worlds energy ) Green energy does not make the sence.
 
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