Bitcoin Mining Survey Temporarily Halted by Judge

Background

Since China’s crypto mining ban in 2021, the US has become a major hub for Bitcoin miners. However, regulatory agencies have been tightening their oversight of the industry. Last month, an emergency approval was issued for a survey to collect sensitive data from crypto mining companies operating in the US. This led to a lawsuit by several concerned parties.

EIA’s Response to the Lawsuit

In response to the lawsuit, the EIA Administrator offered to not enforce the survey requirement until March 22, 2024, and not impose fines or penalties for non-compliance before March 25, 2024. However, the court found this declaration insufficient.

Judge Grants Temporary Restraining Order

On February 23, Judge Alan Albright granted a Temporary Restraining Order (TRO) that prevents the EIA from forcing the plaintiffs to answer the survey and stops the agency from collecting data. The judge acknowledged the EIA’s willingness to pause the survey implementation temporarily, but found the declaration to be insufficient and expressed concerns about the lack of enforcement mechanisms.

Reasons for the TRO

The court considered the plaintiff’s evidence and found that they had shown sufficient supporting evidence to back their complaint that “immediate and irreparable injury, loss, or damage will result if a TRO is not issued.” The court considered the plaintiff’s three main sources of irreparable damage as credible, including the threat of prosecution for non-compliance and the enforcement to disclose sensitive information related to business strategies.

EIA’s Argument and the Court’s Response

The EIA argued that the estimated time for completion of the survey was under 30 minutes, and therefore the cost of compliance was too small to be considered. However, the court found this timeframe to be inaccurate and misleading.

Conclusion

The court found that the arguments and evidence presented during the hearing favored the grant of the TRO and that the “balance of harms” was sufficient for a restraining order.

slot pulsa Slot pulsa Gemilang77 Slot deposit pulsa Gemilang77 Slot pulsa Situs slot pulsa Link slot pulsa Slot deposit pulsa Slot pulsa Slot pulsa Deposit pulsa 5000 Slot pulsa Slot pulsa Slot pulsa https://letsplayparty.com/ https://www.alboprofessionisti.com/ Slot pulsa Merpati77 Slot thailand Kaswari77 Kaswari77 Slot gacor Slot gacor hari ini Slot deposit 5000 Situs togel Slot via pulsa Slot deposit dana Situs toto togel Daftar situs toto Situs toto online Kembangtoto Toto slot https://situskembangtoto.com/ Slot deposit via qris Situs toto Situs toto kembangtoto toto slot