US Senator Elizabeth Warren has blamed the Bitcoin (BTC) mining industry for increasing energy prices in American households based on unverified mainstream reporting. However, the Crypto Twitter community has responded to clarify the misinformation. Warren’s latest criticism emanated from a New York Times article that accused Bitcoin miners of cashing in on electricity to the detriment of the public. The report fitted Warren’s negative perceptions of the crypto industry, as she stated that US environmental agencies should crack down on cryptominers. Bitcoin podcaster Stephan Livera outright dismissed the NYT report, while MicroStrategy founder and chairman Michael Saylor contradicted Warren’s statement, explaining that Bitcoin mining is an energy-efficient process. Others on Crypto Twitter sought to alert Tesla’s Elon Musk to the conversation, given his efforts to eradicate disinformation campaigns on social media.
