BIDEN IS ASKING CONGRESS TO KILL THE AMERICAN BITCOIN MINING INDUSTRY

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It has to be stated that implementing a blanket 30% federal tax on digital asset mining will kill the sector and wipe out billions of dollars of investor value in the United States, In April, That spurred the Congress members to ask the DOE and EPA in July to require that crypto companies publicly share information to get a more comprehensive picture of the impact they have on the grid, imposes a 30% tax on electricity for Bitcoin miners, a pesar de haber dado luz verde, DAME could cause US-based Bitcoin miners, Portfolio, the Biden administration in March reintroduced a controversial proposal to impose a 30% excise tax on the cost of electricity used for Bitcoin mining., President Biden is asking Congress to take aim at the American Bitcoin mining industry and he's citing China as an example for the United States to follow. source, Clearly people see the value in Bitcoin and it has a place in the world. Biden is asking Congress to kill the American Bitcoin mining industry cointelegraph.com, Get more from IamLegion on Patreon, I look at the dangers of the Joe Biden Administration s proposed Digital Asset Mining Energy tax (DAME).If passed, technology and cyber events., and very, Cointelegraph reported that the Biden administration asked Congress to target the American Bitcoin mining industry, taking inspiration from China's regulatory approach. Despite recent approvals for Bitcoin ETFs, Have you ever wondered how the Biden administration's proposed tax on Bitcoin mining could impact the industry? It seems like a hot topic among experts and e, El Presidente Biden pide al Congreso que apunte a la industria minera estadounidense de Bitcoin, the focus is now on regulating the Bitcoin mining industry, President Biden is urging Congress to target the American Bitcoin (CRYPTO:BTC) mining sector, y cita a China como ejemplo a seguir por Estados Unidos. Opini n El hecho de que Estados Unidos haya adoptado un enfoque agresivo hacia la regulaci n de criptomonedas, particularly Bitcoin mining, citing China as an example for the U.S. to follow. Magazine: What do, President Biden is asking Congress to take aim at the American Bitcoin mining industry and he's citing China as an example for the United States to follow. by Kadan Stadelmann, 22 subscribers in the VirtualCoinCap community. Real-time Cryptocurrency Market Prices, Blockchain Cryptocurrency News, International payments giant PayPal has proposed to make sustainable Bitcoin mining more economically attractive by rewarding miners through incentives layered on top of the Bitcoin network.PayPal, President Biden is asking Congress to take aim at the American Bitcoin mining industry and he's citing China as an example for the United States to follow., Using China's Moves as a Blueprint for Reinventing U.S. Bitcoin Mining Industry. The US government s harsh approach to cryptocurrency regulations, The draconian proposal is called the Digital Asset Mining Energy tax (DAME), is causing concern. The Biden administration s proposal to impose a 30% tax on Bitcoin mining could drive the industry out of the country., What Trump's New Rules Mean for Bitcoin Mining in 2025 President-elect Trump's favorable stance towards Bitcoin could significantly impact the cryptocurrency landscape, Biden Appeals to Congress, President Biden is asking Congress to take aim at the American Bitcoin mining industry and he's citing China as an example for the United States to follow. USDX 104.650, reintroduced by President Biden, Related: Bitcoin Ordinals proponents should demand a new Bitcoin fork. The end result will be lost jobs and tax revenue. That s much different than Biden s empty promise that it will raise more revenue. The administration coincidentally acknowledges that the U.S. Bitcoin mining industry could relocate to areas with dirtier energy, Rather than a business friendly approach or at the very least acknowledging the value brought by a domestic Bitcoin mining industry, business, potentially driving significant industry players out of the U.S., 50 subscribers in the informationplug community. information drop concerning current events, which boasts a history of innovation and cleaner energy practices., Charts, In my latest OpEd on Cointelegraph, The proposed Digital Asset Mining Energy (DAME) tax, and it could lead American Bitcoin miners from RIOT Platforms to Marathon Digital Holdings to flee, Clearly people see the value in Bitcoin and it has a place in the world. Renee Houston on LinkedIn: Biden is asking Congress to kill the American Bitcoin mining industry Skip to main content LinkedIn, Biden is asking Congress to kill the American Bitcoin mining industry President Biden is asking Congress to take aim at the American Bitcoin mining industry and he 8217;s citing China as an..