Biden Government Proposes 30% Electricity Tax for Miners, Citing Environmental Concerns

President Joe Biden’s administration is taking a firm stance on environmental sustainability and digital asset regulation. The US Department of the Treasury has proposed a 30% tax on electricity consumption by crypto mining firms in the Fiscal Year 2025 Revenue Proposals. This move aims to confront the significant environmental impacts caused by the energy-intensive process of crypto... source: https://beincrypto.com/us-government-proposes-30-crypto-mining-tax/