European Parliament delays vote on crypto assets bill over proof-of-work debate (via the_postman_)
Debate over proof-of-work mining, especially Bitcoin’s energy usage, has delayed votes on Europe’s long-awaited crypto markets directive.
Initially scheduled for February 28, the rapporteur in charge of the votes has put them off indefinitely as a leak of amendments that many saw as PoW bans generated public outcry.The parliament of the European Union has delayed a key vote on its long-awaited cryptocurrency market regulation in response to outrage from the crypto world.
However, Stefan Berger, chairman of the Economics Committee and rapporteur in charge of that vote, has postponed it, Berger's office told The Block today. A source close to negotiations over the directive told The Block that the primary point of contention was late-stage changes that some interpreted as bans on proof-of-work networks, primarily out of concerns over their energy usage. After a leak generated negative
as well as overwhelming Twitter response, the right and center-right members withdrew support for the latest amendments.to explain that"As rapporteur, it is central for me that the MiCA Directive is not misinterpreted as a de facto Bitcoin ban."
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