Biden is pushing a huge tax on crypto. It could backfire spectacularly
The cryptocurrency sector is a multitrillion-dollar industry. But rather than help Americans cash in on it, President Joe Biden apparently wants to discourage its growth, first through regulation and now through punitive taxation. The White House just unveiled a proposal for a 30% tax on bitcoin mining, which is the complicated digital process by which new bitcoins are “mined” or created.
Source: washingtonexaminer.com