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US Senate Democrats Draft Bill to Curb Crypto Mining Emissions
Two Democratic Senators have introduced the “Clean Cloud Act of 2025” to address the escalating energy emissions from crypto mining.
On April 11, Senators Sheldon Whitehouse and John Fetterman drafted the bill, seeking to curb emissions from crypto mining and AI data centers. The legislation aims to impose fines on facilities that use non-renewable energy sources, by 2035.
The bill also mandates annual reporting from mining facilities and data centers that use over 100 kilowatts of power. Further, the facilities must also provide details of electricity sources, consumption data, and the intensity of emissions.
“There is a lack of transparency regarding the energy sources used to power domestic crypto mining and many data center operations,” the bill read.
Data Centers Account for 4% US Electricity Use: Congress Finds
According to Congress estimates, US-based data centers are projected to account for up to 12% of the nation’s electricity use by 2028.
“The total network hash rate for Bitcoin mining in the US has increased 739% between September 2020 and January 2022.”
The findings also said that data centers are estimated to account for approximately 1% of global electricity demand, and 4% of US electricity usage.
Bill Aims to Lower Mining Emissions to Zero by 2035
The draft bill amends the initial Clean Air Act requiring facilities to adhere to different emissions caps as laid out in the Department of Energy’s National Transmission Needs Study.
The emission caps would be set by the end of this year, the bill said, adding that it would lower by 11% each year until reaching zero in 2035.
Those facilities that exceed the emissions caps would be imposed with inflation-adjusted fees. The penalty depends on how much their emissions exceeded the caps, the legislation noted.
These fees would then be used to reduce increases in residential electricity costs through grants to states and local municipalities. #BTC
Two Democratic Senators have introduced the “Clean Cloud Act of 2025” to address the escalating energy emissions from crypto mining.
On April 11, Senators Sheldon Whitehouse and John Fetterman drafted the bill, seeking to curb emissions from crypto mining and AI data centers. The legislation aims to impose fines on facilities that use non-renewable energy sources, by 2035.
The bill also mandates annual reporting from mining facilities and data centers that use over 100 kilowatts of power. Further, the facilities must also provide details of electricity sources, consumption data, and the intensity of emissions.
“There is a lack of transparency regarding the energy sources used to power domestic crypto mining and many data center operations,” the bill read.
Data Centers Account for 4% US Electricity Use: Congress Finds
According to Congress estimates, US-based data centers are projected to account for up to 12% of the nation’s electricity use by 2028.
“The total network hash rate for Bitcoin mining in the US has increased 739% between September 2020 and January 2022.”
The findings also said that data centers are estimated to account for approximately 1% of global electricity demand, and 4% of US electricity usage.
Bill Aims to Lower Mining Emissions to Zero by 2035
The draft bill amends the initial Clean Air Act requiring facilities to adhere to different emissions caps as laid out in the Department of Energy’s National Transmission Needs Study.
The emission caps would be set by the end of this year, the bill said, adding that it would lower by 11% each year until reaching zero in 2035.
Those facilities that exceed the emissions caps would be imposed with inflation-adjusted fees. The penalty depends on how much their emissions exceeded the caps, the legislation noted.
These fees would then be used to reduce increases in residential electricity costs through grants to states and local municipalities. #BTC
Trump’s Global Tariffs Impact Even Large Bitcoin Miners
Recent decisions by US President Donald Trump have had a severe impact on the crypto mining industry, even on the largest Bitcoin miners, pushing them into the net-negative realm.
Trump has caused a cascade of events with his global tariffs across industries. Crypto mining was not spared. The tariff news triggered a broad market sell-off, which in turn triggered a Bitcoin hashprice drop.
Bitcoin’s hashprice is a measure of mining profitability. This week, it has fallen back below $40/PH/s, a level last seen in September 2024, according to the latest Miner Weekly report by BlocksBridge Consulting.
Then, Trump changed his mind yet again and announced a temporary 90-day pause on the global tariffs. The market somewhat recovered, but Bitcoin’s hashprice remained just above $42/PH/s. #BTC
Recent decisions by US President Donald Trump have had a severe impact on the crypto mining industry, even on the largest Bitcoin miners, pushing them into the net-negative realm.
Trump has caused a cascade of events with his global tariffs across industries. Crypto mining was not spared. The tariff news triggered a broad market sell-off, which in turn triggered a Bitcoin hashprice drop.
Bitcoin’s hashprice is a measure of mining profitability. This week, it has fallen back below $40/PH/s, a level last seen in September 2024, according to the latest Miner Weekly report by BlocksBridge Consulting.
Then, Trump changed his mind yet again and announced a temporary 90-day pause on the global tariffs. The market somewhat recovered, but Bitcoin’s hashprice remained just above $42/PH/s. #BTC
Solana Price Eyes $200 Milestone in 2025 as Momentum Builds: Upward Trend
Solana (SOL) is surging, gaining 6.12% in the past 24 hours to trade at $124 on April 12, 2025. With daily trading volume exceeding $4 billion, momentum is building across technical and fundamental fronts.
A key catalyst behind the rally is growing speculation over a potential Solana spot ETF. The appointment of former SEC commissioner Paul Atkins—widely viewed as crypto-friendly—as the new chair of the U.S. Securities and Exchange Commission has reignited market hopes for altcoin ETF approvals.
According to Polymarket data, the probability of a Solana ETF approval by 2025 has jumped to 76%, up from 65% earlier this year. Asset managers including Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital have all submitted applications.
#SECGuidance
Solana (SOL) is surging, gaining 6.12% in the past 24 hours to trade at $124 on April 12, 2025. With daily trading volume exceeding $4 billion, momentum is building across technical and fundamental fronts.
A key catalyst behind the rally is growing speculation over a potential Solana spot ETF. The appointment of former SEC commissioner Paul Atkins—widely viewed as crypto-friendly—as the new chair of the U.S. Securities and Exchange Commission has reignited market hopes for altcoin ETF approvals.
According to Polymarket data, the probability of a Solana ETF approval by 2025 has jumped to 76%, up from 65% earlier this year. Asset managers including Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital have all submitted applications.
#SECGuidance
$BTC While investors are eagerly waiting for the downtrend in Bitcoin to end and the rise to begin, John Bollinger, the creator of Bollinger Bands, stated that there is a bottom formation in BTC.
At this point, John Bollinger said that Bitcoin Bollinger bands are trying to form a double bottom formation, but this has not been confirmed yet.
Following the sharp declines, John Bollinger said that Bitcoin may be forming a classic “W” bottom pattern based on the %b indicator.
The %b indicator measures the closing price of an asset based on its position within the Bollinger Bands. This means that Bitcoin has formed a bottom according to the Bollinger Bands.
“According to Bollinger Bands, a classic W bottom is forming in the Bitcoin/USD trading pair. However, this still needs confirmation. Because Bollinger Bands on both the weekly and daily time frames show that a trend reversal has not yet occurred.”
While confirmation is still needed, it could signal a potential price recovery, according to Bollinger. “W” bottoms occur when prices make a higher low and touch the lower band.
Experienced analyst Timothy Peterson also shared his expectations for Bitcoin, predicting that Bitcoin could only rise after stocks find their bottom.
At this point, John Bollinger said that Bitcoin Bollinger bands are trying to form a double bottom formation, but this has not been confirmed yet.
Following the sharp declines, John Bollinger said that Bitcoin may be forming a classic “W” bottom pattern based on the %b indicator.
The %b indicator measures the closing price of an asset based on its position within the Bollinger Bands. This means that Bitcoin has formed a bottom according to the Bollinger Bands.
“According to Bollinger Bands, a classic W bottom is forming in the Bitcoin/USD trading pair. However, this still needs confirmation. Because Bollinger Bands on both the weekly and daily time frames show that a trend reversal has not yet occurred.”
While confirmation is still needed, it could signal a potential price recovery, according to Bollinger. “W” bottoms occur when prices make a higher low and touch the lower band.
Experienced analyst Timothy Peterson also shared his expectations for Bitcoin, predicting that Bitcoin could only rise after stocks find their bottom.
According to onchain data provided by LookOnChain, an altcoin whale is selling heavily, unable to withstand the losses incurred during the declines.
Onchain data revealed that over the past three days, a crypto whale sold 274,188 Solanas (SOL), or $29.64 million, at an average price of $108.
This huge crypto whale bought his SOL coins from the cryptocurrency exchange OKX 7 months ago when the price was $148. With these sales, the whale's total loss came to approximately $11 million.
At the time of writing, Solana is trading at $121.
Currently, the crypto whale in question has $22 million in assets in his portfolio, all of which consists of the USDC stablecoin.
The crypto whale had around $85 million in assets in his wallet last November, all of which was staked Solana. At the time, the SOL price had climbed above $250.
It is not known whether the whale belongs to an institutional investor or an individual cryptocurrency investor.
Onchain data revealed that over the past three days, a crypto whale sold 274,188 Solanas (SOL), or $29.64 million, at an average price of $108.
This huge crypto whale bought his SOL coins from the cryptocurrency exchange OKX 7 months ago when the price was $148. With these sales, the whale's total loss came to approximately $11 million.
At the time of writing, Solana is trading at $121.
Currently, the crypto whale in question has $22 million in assets in his portfolio, all of which consists of the USDC stablecoin.
The crypto whale had around $85 million in assets in his wallet last November, all of which was staked Solana. At the time, the SOL price had climbed above $250.
It is not known whether the whale belongs to an institutional investor or an individual cryptocurrency investor.
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🪙🚀Stock market information for XRP (XRP)
XRP is a crypto in the CRYPTO market.
The price is 2.17 USD currently with a change of -0.06 USD (-0.03%) from the previous close.
The intraday high is 2.24 USD and the intraday low is 2.17 USD.
The XRP ETF landscape is rapidly evolving, with significant developments both internationally and in the U.S.
🌎 Global Milestone: Brazil Launches First Spot XRP ETF
On April 25, 2025, Brazil's B3 stock exchange introduced the world's first spot XRP ETF, named Hashdex Nasdaq XRP Fundo de Índice (XRPH11). Managed by Hashdex, this ETF tracks XRP's price using the Nasdaq XRP Reference Price Index. The launch signifies a major step toward mainstream crypto adoption, offering Brazilian investors direct exposure to XRP without the need to hold the asset themselves.
In the United States, the first XRP ETF, Teucrium's 2x Long Daily XRP ETF (XXRP), debuted on April 8, 2025. This leveraged ETF aims to deliver twice the daily returns of XRP through swap agreements. On its debut, it achieved $5 million in trading volume, ranking it among the top 5% of new ETF launches.
Looking ahead, ProShares is set to launch three XRP Futures ETFs on April 30, 2025:
ProShares UltraShort XRP ETF
ProShares Ultra XRP ETF
ProShares Short XRP ETF
These ETFs will offer investors exposure to XRP price trends without holding the token directly, reflecting growing regulatory acceptance of XRP as an asset class.
Analysts anticipate that these developments in futures-based ETFs could pave the way for the approval of a spot XRP ETF in the U.S. Polymarket, a prediction platform, currently assigns a 77% probability to the approval of a U.S. spot XRP ETF within the year.
🚀📈 XRP Price Outlook Amid ETF Momentum
As of April 27, 2025, XRP is trading at approximately $2.17.
The introduction of XRP ETFs, both internationally and domestically, has bolstered investor sentiment. Analysts suggest that a favorable resolution of the ongoing SEC lawsuit against Ripple, combined with
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