White House Backs Crypto Rules Favoring Mining-Based Consensus Mechanisms

White House Backs Crypto Rules Favoring Mining-Based Consensus Mechanisms

The White House joined the debate over U.S. cryptocurrency regulations Thursday by signaling its support of an amendment to the Infrastructure Investment and Jobs Act (IIJA) that favors mining-based consensus mechanisms over alternative solutions. CNBC reported that White House deputy press secretary Andrew Bates issued an unexpected statement about the amendment proposed by U.S. Senators…