Biden administration pushes for 30% electricity tax in swipe at crypto miners

The administration of U.S. President Joe Biden is campaigning for a tax on cryptocurrency miners equal to 30% of the cost of the power they use, citing what it calls “negative spillovers” from the industry.

• 2023-05-03
• President Joe Biden Bitcoin miners cryptocurrency miners Council of Economic Advisers industry insiders legal threats electricity grids

White House Takes Aim at Crypto in Scathing Economic Report

The report, authored by the White House Council of Economic Advisers, laid out a number of issues seen within the digital asset ecosystem.

• 2023-03-22
• The White House digital asset Economic Report of the President Council of Economic Advisers cryptocurrencies digital payment systems