The proposed bill in Oregon establishes a timeline for reducing emissions from cryptocurrency mining, aiming for zero emissions by 2040

According to ChainCatcher, as reported by Blockworks, a lawmaker in Oregon, USA, has submitted a bill aimed at curbing carbon emissions from "high-energy" facilities such as cryptocurrency mining, with a goal of reducing emissions by 60% by 2027. The proposed new baseline is set at 0.428 metric tons of carbon dioxide equivalent per MW, and it requires crypto companies to reduce emissions according to the following timeline: an 80% reduction by 2030, a 90% reduction by 2035, and net-zero emissions after 2040. Non-compliance will result in a civil penalty of $12,000 per MW.

It is reported that the bill has just been submitted to the legislature and has not yet been assigned to a committee or held a hearing, a process that may take two to three weeks. (Source link)