The Texas Blockchain Council & Riot Platforms, Inc. Reach Agreement with Energy Information Administration
In a significant development, the final agreement between the Texas Blockchain Council & Riot Platforms, Inc., and the Energy Information Administration (EIA) has been announced. The agreement includes the voluntary termination of the illegal EIA-862 collection action, the destruction of all received information, and the cancellation of the February 9th, 2024 notice for collection.
Under the new agreement, the EIA will issue a new Notice that will run for 60 days from its release in the Federal Register. The EIA has also agreed to incorporate and consider any comments received on the previous notice. This marks a victory for the mining industry, as the Texas Blockchain Council & Riot successfully blocked the EIA’s violation.
However, the fight is not over yet, as comments on the new data collection notice will need to be filed promptly. Antagonistic groups, such as the Sierra Club, are expected to support the EIA’s new data collection efforts. Despite their weak arguments, they will need to be addressed and overcome.
As a positive outcome, the Government will reimburse the Texas Blockchain Council & Riot Platforms, Inc., for $2,199.45 in court costs and attorney’s fees. While not covering all expenses, it is a welcome gesture. It is important to note that the agreement does not constitute an admission of liability or wrongdoing.
Overall, this agreement signifies a step in the right direction for the blockchain industry, with the Texas Blockchain Council & Riot Platforms, Inc., leading the charge. The fight continues, but this victory sets a precedent for future challenges in the industry.
