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Biden Wants to Hit Power-Hungry Crypto Miners With a Big Tax Bill

The Biden Administration is proposing a bill to hold cryptocurrency mining companies accountable for the amount of energy costs they expel with a new 30% tax… ....

White House , District Of Columbia , United States , Digital Asset Mining Energy , Biden Administration , Reaking News ,

Proposed US bill taxes cryptominers' electricity consumption

The Biden Administration on Tuesday detailed a proposed tax designed to counter the environmental and economic effects of cryptocurrency mining. The Digital… ....

Digital Asset Mining Energy , Biden Administration On , Biden Administration , Reaking News ,

White House seeks to suffocate crypto with high taxes

The White House recently put out a blog post seeking to justify 30% electricity taxes to be levied on crypto miners. Punishing crypto miners In line with the… ....

White House , District Of Columbia , United States , Digital Asset Mining Energy , Reaking News ,

Biden sets goal to tax energy-heavy crypto mining

When one year of U.S. Bitcoin mining creates as many carbon emissions as 7.5 million gas-powered cars we have a problem. ....

White House , District Of Columbia , United States , Sam Bankman , Ed Markey , Digital Asset Mining Energy , Crypto Asset Environmental Transparency Act ,

The Morning After: White House proposes a 30 percent tax on electricity used for crypto mining

The biggest news stories this morning: White House proposes a 30 percent tax on electricity used for crypto mining, ChatGPT scams are the new crypto scams, Meta warns, Watch the first trailer for ‘Dune: Part Two’. ....

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