Bitcoin Miners Dodged a New Tax. Next Time They May Not Be So Lucky.

Congress' draft debt-ceiling bill doesn't include a heavy crypto tax that the White House had proposed.

• 2023-05-31
• Bitcoin miners White House debt ceiling excise tax Digital Asset Mining Energy

White House proposes 30 percent tax on electricity used for crypto mining

The Biden administration wants to impose a 30 percent tax on the electricity used by cryptocurrency mining operations, and it has included the proposal in its budget for the fiscal year of 2024.

• 2023-05-03
• electricity prices White House power consumption Bitcoin miners excise tax cryptocurrency mining electricity Digital Asset Mining Energy