American Authorities Concede To Bitcoin Mining Sector.

The Texas Blockchain Council and Bitcoin mining company Riot Platforms argued that the survey served a political purpose and threatened innovation and economic growth in the US.

US energy authorities have agreed with the Texas Blockchain Council and Bitcoin mining company Riot Platforms to cancel an emergency survey targeting crypto mining operations nationwide.

According to a petition dated March 2, the US Department of Energy, the Energy Information Administration (EIA), and the Office of Management and Budget (OMB) have suspended the collection of data from crypto mining companies under the "EIA-862 Emergency Data Request" for a three-year emergency analysis, as per the agreement made with TBC and Riot.

Additionally, it was stated that all data collected from crypto miners previously due to the survey objected by TBC and Riot would be erased, and future data collected would also be destroyed.

"The opposing party has agreed to destroy all information collected by the EIA under the EIA-862 Emergency Data Request. If the EIA collects additional information for this survey, that data will also be destroyed." This agreement effectively ends a temporary restraining order valid until March 8.

As reported by Cointelegraph on February 23, the court had temporarily halted the data collection activities of US energy regulators while the cases were ongoing.

This decision came after TBC and Riot convinced the judge that irreparable harm would occur if further data collection were to take place.

Plaintiffs argued that compliance with the survey posed potential damages, including irreparable financial costs, serious legal threats for non-compliance, and disclosure of sensitive information.

While the EIA estimated the completion of the survey to take about 30 minutes, the court deemed this estimate "extremely misleading."

TBC and Riot objected to this assessment, stating that the time required for compliance had exceeded 40 hours.

However, both TBC and Riot agreed to a new public notice allowing feedback from the public regarding the information collected by the EIA for a period of two months.

As stated in the file, "The opposing party agrees to be open to public comments for 60 days from the date the EIA publishes a new Federal Register notice."

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