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ARTICLE · 26 SEPTEMBER 2022

United States Issues Report On Climate And Energy Implications Of Crypto-Assets

McCarthy Tétrault
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On September 8, 2022, the White House Office of Science and Technology Policy (the "OSTP") published a report (the "Report") on the climate and energy implications of crypto-assets in the United States.

United StatesTechnology
TechLex Blog
TechLex Blog
Ana Badour
Ana Badour
Jacob A. Robinson
Jacob A. Robinson
Gurvir Sangha
Gurvir Sangha
Reena Goyal
Reena Goyal
Christopher Yam
Christopher Yam
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On September 8, 2022, the White House Office of Science and Technology Policy (the "OSTP") published a report (the "Report") on the climate and energy implications of crypto-assets in the United States.

This report was published in response to Executive Order 14067, which was signed by President Joe Biden on March 9, 2022. Executive Order 14067 outlines the first "whole-of-government" strategy on regulating digital assets in the United States. Our summary of the Executive Order can be found here.

The Report examines the potential for distributed ledger technologies ("DLT") to impact efforts to address climate change and transition to cleaner energy sources. The report's publication is timely as the Ethereum blockchain underwent a significant software upgrade, known as "the Merge", on September 15, 2022. "The Merge" transitioned the Ethereum blockchain from a 'proof of work' ("PoW") consensus mechanism to a "proof of stake" ("PoS") system that is expected to

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