How Coal Country Lawmakers Came to Love Crypto
By Jael Holzman and Emma Dumain, E&E News
(Feb. 1, 2022) – As the prospects for coal continue to darken, states that were once the lifeblood of America’s coal mining industry are now tying their economies to the production of a new type of mining: cryptocurrency. And lawmakers on Capitol Hill are moving to facilitate the trend.
Wyoming, the nation’s leading coal mining state, was the first state to establish cryptocurrency banking in 2019. Texas, the largest coal power consumer, has seen a large influx of crypto mining businesses, and the CEO of the state’s largest grid operator says he’s “pro-Bitcoin.”