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White House Proposes 30 Percent Tax on Crypto Mining - Futurism

Biden budget proposes 30% tax on crypto mining

White House proposes 30 percent tax on electricity used for

Biden Budget Proposes 30% Electricity Tax on

Biden administration proposes 30% crypto mining tax

Biden Wants 30% Crypto Mining Tax, But Can It Work?

The Digital Asset Mining Energy

Biden Administration Proposes 30% Tax On Energy Used By

The Biden administration wants to impose a 30 percent tax, called the Digital Asset Mining Energy or DAME excise tax, on the electricity used for cryptocurrency mining.

The Digital Asset Mining Energy (DAME) excise tax is meant to address the economic and environmental costs of current practices for mining crypto assets, according to

The President

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 2025.

The President’s new budget proposal for Fiscal Year 2025 includes the Digital Asset Mining Energy (DAME) excise tax, which would require bitcoin mining firms to

White House Proposes 30% Energy Tax To Address

The Morning After: White House proposes a 30 percent tax on