Biden Proposes 30% Climate Change Tax On Bitcoin Miners
US Claims Crypto Mining Poses Threat To Society According to a recent report that is set to be published in the White House today, the President’s Council of Economic Advisers (CEA) argues that Crypto miners’ high-energy consumption has negative spillovers on the environment, quality of life, and electricity grids where such businesses are located. advertisement Read More: LUNC Developer Teases AI App Chain “Block Entropy”, LUNC Price Eyeing $0.1? The cryptocurrency mining business is being unfairly targeted, according to those who oppose the planned tax. The rampant crypto crackdowns by the regulators and now a proposed bill to impose hefty tax stand out as a sore eye for the larger crypto market and being part of a larger anti-crypto crusade. According to Tom Mapes, head of energy policy at the Chamber of Digital Commerce, who spoke with Yahoo News, stated that “this is just a way to go after the industry which they do not support....