Troubled Future: Data Centers, Crypto, and EPA Downsizing

The environmental costs of digital infrastructure and financial speculation are rising rapidly, while federal oversight remains inconsistent and under-resourced. Data centers and cryptocurrency mining now consume vast amounts of electricity and water across the United States, yet much of this resource use is poorly tracked or omitted from public emissions reporting. At the same time, the U.S. Environmental Protection Agency has seen significant staffing losses, rule reversals, and new threats to its institutional survival.

These trends are not isolated. Together, they reflect a shift toward energy-intensive technologies, deregulation of high-polluting industries, and a weakened capacity to respond to environmental harm. The long-term consequences will be difficult to reverse.

The Energy and Water Demands of Data Centers

Data centers are expanding to meet demand for cloud computing, artificial intelligence, and digital storage. These facilities rely heavily on continuous electricity and water for cooling. Some consume millions of gallons of water per day, and projections show their electricity use may double in the next few years. Many are located in areas already under water stress.

The environmental impact of data centers goes beyond their daily operations. Construction materials, server manufacturing, and on-site diesel backup generators all contribute to greenhouse gas emissions. Yet these emissions are often excluded from formal greenhouse gas inventories, especially when they occur outside the facility’s geographic or corporate boundaries.

Crypto Mining as an Unregulated Energy Sector

Cryptocurrency mining, especially Bitcoin, requires massive computing power. These operations have migrated to U.S. states with low energy prices and minimal regulatory oversight. Bitcoin mining alone now consumes more electricity annually than many countries.

The emissions from crypto mining are significant, but they are not consistently tracked. Facilities often operate below emissions reporting thresholds or through decentralized networks that fall outside EPA scrutiny. In many cases, power is sourced from fossil fuels, and companies are not required to disclose their energy mix or carbon footprint.

Residents living near crypto facilities have reported noise, pollution, and local grid strain. Yet enforcement is limited or nonexistent in most jurisdictions.

The Shrinking Capacity of the EPA

The Environmental Protection Agency has lost hundreds of experienced staff since 2017, including scientists and enforcement personnel. Budget cuts, political pressure, and legal constraints have made it difficult for the agency to maintain oversight of fast-growing industries like digital infrastructure and blockchain technology.

Many environmental rules were rolled back between 2017 and 2020, increasing overall emissions and reducing safeguards for air and water. Although some regulations have been restored, the agency remains under political threat. Proposals to reorganize or dismantle the EPA altogether have resurfaced, potentially removing the last federal layer of accountability in many regions.

Greenhouse gas reporting systems still rely heavily on corporate self-reporting. Emerging sectors such as AI, crypto, and hyperscale data storage are not fully integrated into federal carbon inventories, and indirect emissions—such as those from supply chains and off-site electricity generation—are often omitted entirely.

A Delayed and Unequal Cost

The consequences of these developments will accumulate slowly but with increasing severity. Emissions released today will remain in the atmosphere for decades. Water used to cool servers will not be available to communities experiencing drought or contamination.

Those who profit from these trends—tech corporations, crypto investors, and political donors—will not be the ones facing the costs. The burden will fall on future generations, frontline communities, and the global South.

Institutions of higher education, many of which depend on cloud platforms, server farms, and AI applications, are deeply connected to this digital growth. They also have an opportunity—and arguably a responsibility—to examine the long-term impacts of these systems and hold corporate partners accountable.

Technological advancement has material consequences. The energy and water behind our digital lives are not virtual, and the lack of environmental regulation only increases the harm. Without accurate measurement and stronger enforcement, damage will continue without acknowledgement—and without remedy.

Sources
International Energy Agency, Electricity 2024
U.S. Department of Energy, Quadrennial Technology Review, 2023
Ma, J. et al., “The Water Footprint of Data Centers,” Nature Communications, 2023
Cambridge Bitcoin Electricity Consumption Index, 2023
White House Office of Science and Technology Policy, Crypto-Assets Report, 2022
U.S. Environmental Protection Agency, Inventory of U.S. Greenhouse Gas Emissions and Sinks, 2024
Government Accountability Office, EPA Workforce Report, 2021
Brookings Institution, Deregulation Tracker, 2020
Greenpeace USA, Poisoned by Pollution: Crypto Mining’s Environmental Toll, 2022
ProPublica, The Real Cost of the Cloud, 2023

How the New Cryptocurrency Bill Could Accelerate a US Financial Collapse

The United States Congress is on the brink of passing a sweeping cryptocurrency bill that, under the guise of fostering innovation, may be paving the way for the next financial crisis. While crypto lobbyists and venture capitalists tout the legislation as a long-overdue framework for digital assets, critics warn that the bill’s deregulatory nature undermines consumer protections, enables fraud, and weakens the federal government’s ability to prevent a systemic collapse.

The proposed legislation—championed by a bipartisan coalition of lawmakers with significant donations from the crypto industry—shifts regulatory authority from the Securities and Exchange Commission (SEC) to the more industry-friendly Commodity Futures Trading Commission (CFTC). This move effectively reclassifies most cryptocurrencies as commodities rather than securities, shielding them from stringent disclosure and investor protection requirements.

The Bill’s Key Provisions: A Gift to Speculators

Among the most controversial elements of the bill:

• Loosening of Know-Your-Customer (KYC) and Anti-Money Laundering (AML) safeguards for certain crypto entities;

• Legalization of certain decentralized finance (DeFi) platforms, many of which operate without clear accountability;

• Minimal oversight of stablecoins, despite their systemic risks as shown in the 2022 TerraUSD collapse;

• Tax exemptions for certain crypto gains, incentivizing speculative investment.

Supporters argue these measures will solidify America’s dominance in financial innovation. But the bill’s leniency raises echoes of past financial debacles—from the dot-com bubble to the 2008 subprime mortgage crisis—where unregulated markets spiraled out of control.

A House Built on Sand

Cryptocurrency markets have already proven themselves to be volatile, largely unbacked, and susceptible to manipulation. The 2022 crash wiped out over $2 trillion in market value and exposed the fragility of companies like FTX, Celsius, and Voyager Digital—each of which left everyday investors devastated while insiders cashed out early.

Now, by codifying a legal gray zone as a financial free-for-all, the US government may be inviting a larger catastrophe. With trillions of dollars potentially flowing into underregulated crypto assets, a major crash could trigger a chain reaction through the broader financial system, especially as more institutional players and retirement funds are drawn into the space under the new law.

An Economy at Risk

The consequences of a crypto-induced financial collapse could be profound:

• Working families—already crushed by student debt, housing inflation, and stagnant wages—may be lured into speculative investments out of desperation, only to lose their savings in the next collapse.

• University endowments and public pension systems—some of which have already dabbled in crypto—could suffer catastrophic losses, compounding the higher education affordability crisis.

• State and federal regulators, stripped of the tools needed to intervene effectively, will be unable to respond to crises in real-time, much as they were in the early days of the 2008 crash.

Moreover, this deregulatory trend sets a dangerous precedent: one in which the government abdicates its responsibility to protect the public in favor of appeasing Silicon Valley and Wall Street interests.

The Educated Underclass Will Pay the Price

As financial elites speculate with impunity, the economic fallout will disproportionately affect young people, especially recent college graduates burdened with debt and lacking stable employment. Many of these individuals are already being pushed into gig work, underemployment, or unpaid labor under the guise of "internship experience." A crypto-fueled crash could devastate whatever remaining economic foothold they have.

As the Higher Education Inquirer has chronicled, the rise of the educated underclass is not merely a generational shift—it is a structural consequence of policies that prioritize capital over community, markets over morals, and deregulation over democratic control. This bill is just the latest example.

A Crisis of Governance

Far from being a step forward, the new cryptocurrency bill reflects a larger crisis in American governance. It prioritizes short-term gains and corporate lobbying over long-term stability and social equity. By turning over the keys of financial regulation to the very industries that have proven incapable of self-regulation, the US may be steering itself into another devastating collapse.

The Higher Education Inquirer urges lawmakers, journalists, educators, and citizens to scrutinize this legislation with the urgency it deserves. A failure to act could turn today’s crypto dreams into tomorrow’s financial nightmare—one that once again leaves the working class holding the bag.

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For further investigative reporting on the intersection of finance, higher education, and social equity, follow the Higher Education Inquirer.

The Business Plots, Then and Now

In 1933, a group of American businessman planned a coup to take down the new President, Franklin Roosevelt. In this scheme, General Smedley Butler would be tasked with orchestrating the overthrow. This attempted coup was called the Business Plot.  

College students today may ask, so what's so important about this moment in history?  The point is that we have entered an era again where big business has a dominating influence over American politics. In the case of the 1933 moment, the coup was reactive. American business had failed, a Great Depression was in progress, and businessmen were fighting to maintain control, a control that they were used to having under Harding, Coolidge, and Hoover. The man tasked to lead the plot, General Butler, squashed it before it happened. And the story largely faded away. 

Eight years later, in 1941, the US would be fighting a world war against global fascism and imperialism.  In the aftermath of the war, a stronger nation would arise. Today, we are also a nation facing intense competition and conflict, this time against China, Russia, India and other nations, with global climate change being a factor that wasn't apparent back then. 

In 2024, US business people, some of the richest people in the world, did something similar, but more proactive and less controversial. Today, folks, in general are OK with American businessmen pulling the strings. The most wealthy man have succeeded where big banks and big business failed before. And they have elected a friend. Today, cryptocurrency is booming. The stock market is booming for now. Unemployment is at record lows--for now. Big business has managed to gain greater control of the US government with little or no uproar.