The Crypto Council for Innovation is adding the Digital Energy Council to its roster, marking the first acquisition dedicated specifically to digital energy policy.
As part of the broader crypto advocacy group, the Digital Energy Council will focus “on advancing policies that promote energy development, grid resilience, U.S. competitiveness, and national security,” the organization said on Friday in a statement.
“The acquisition comes at a pivotal moment,” CCI said. “As demand for energy grows alongside the expansion of digital asset mining, AI data centers, and other compute-intensive technologies, the need for a unified, credible voice advocating for smart energy policy has never been greater.”
Views on crypto mining and energy have shifted over presidential administrations. Under the Biden administration, the U.S. Department of Energy began surveying crypto mining companies on their electricity consumption amid concerns that bitcoin’s price increase at the time would “incentivize more crypto mining activity, which in turn increases electricity consumption.”
“The combined effects of increased crypto mining and stressed electricity systems create heightened uncertainty in electric power markets, which could result in demand peaks that affect system operations and consumer prices,” the administration said at the time — a stance that drew pushback from parts of the crypto industry.
Under the Trump administration, the approach has been more favorable to digital assets, with an emphasis on keeping crypto innovation in the U.S. Last month, a group of Republican senators introduced a bill to bolster crypto mining and codify Trump’s executive order to create a strategic bitcoin reserve into law.
The Digital Energy Council was created on the idea that crypto mining and energy need to work together to bolster energy infrastructure, said the group’s interim executive director Hunter Budd, in the statement.
“Joining CCI gives this mission a global platform, deeper collaboration with and access to increased subject matter expertise, and an amplified voice in the policy conversations that matter most,” he said. “I look forward to integrating this work at CCI and ensuring that energy remains front and center in the digital asset policy agenda.”
Corrected 8:45 p.m. UTC to clarify that it was an acquisition
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