Riot Platforms, a bitcoin (BTC) mining company in the United States, has responded to the White House Office of Science and Technology Policy (OSTP) request for information (RFI) about bitcoin, the transactional chain network. blocks which is also the largest in the world by market capitalization.
Riot Platforms Responds to White House OSTP RFI
In a tweet shared by Pierre Rochard, vice president of research at Riot Platforms, the bitcoin miner provided important details that he claims to have learned about the invention of Bitcoin. These ranged from the “tremendous” value the network has brought, including how he has benefited the network. His presentation also addressed the differences between Bitcoin’s proof-of-work consensus system and the staking method used, among other public chains, by Algorand, Ethereum, and Cardano.
The White House OSTP RFI on Bitcoin was part of the federal investigative agenda. Usually these agendas are intentional and long-term. As part of its execution, programs and tools are implemented and built to address a research objective.
A crypto and blockchain framework in the United States
On January 26, in a document preview Per the Federal Register, the White House OSTP invited public comment on its pursuit to develop the National Digital Asset Research and Development Agenda following President Biden’s executive order, “Ensuring Responsible Development of Digital Assets,” issued in March 2022. This agenda was announced in September 2022 to the creation of the Comprehensive Framework for the Responsible Development of Digital Assets.
The overall goal of this agenda is to create a government-driven effort to develop digital assets and distributed ledger technology (DLT). Feedback received from the public helps them identify priorities on their agenda that will directly trigger fundamental research and continue to support important research that goes a long way toward creating technological breakthroughs that will see the launch of market-ready products.
Stakeholders and members of the public should have submitted relevant documents by March 2023, to which the Riot Platform contributed feedback.
In February 2023, Riot Platforms produced 675 BTC, bringing their total holdings to 7,058 BTC. They also sold 600 BTC in February, earning a net profit of $14.2 million.
