The Morning After: White House proposes a 30 percent tax on electricity used for crypto mining

The biggest news stories this morning: White House proposes a 30 percent tax on electricity used for crypto mining, ChatGPT scams are the new crypto scams, Meta warns, Watch the first trailer for ‘Dune: Part Two’

• 2023-05-04
• excise tax cryptocurrency mining Princess Irulan environmental pollution Frank Herbert electricity Bitcoin miners

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