US DEBT CEILING AGREEMENT DROPS PROPOSED 30 CRYPTO MINING TAX

According To Ohio Lawmaker Warren

Debt Ceiling Deal Blocks 30% Proposed Tax On Crypto Mining

A tentative deal aimed at averting a US government default on its debts has relieved cryptocurrency miners, particularly bitcoin ones. Ohio Representative Warren

According to Ohio lawmaker Warren Davidson, the Biden administration's proposal to impose a 30% tax on Bitcoin mining has been shelved in Sunday's debt ceiling

If Passed

The US debt ceiling bill passed the House vote, sidelining the controversial crypto taxation issue, thereby preventing a potential default and ensuring financial stability.

If passed, it would impose a 30% tax on cryptocurrency mining firmsa move that the Biden administration argued was required to limit the environmental and societal

US debt ceiling deal cancels 30% bitcoin mining tax - crypto.news

Biden's 30% Bitcoin Mining Tax Scrapped In Debt Ceiling Deal

Deal to avoid US debt default nixes proposed 30% crypto mining

U.S. Congress revokes 30% Crypto Mining Tax in Debt Ceiling Deal

US Debt Ceiling Deal Blocks 30% Bitcoin Mining Tax: Congressman

Proposed 30% Crypto Mining Tax Dropped in US Debt Ceiling Deal

US Debt Ceiling Bill Drops Crypto Tax in Last-Minute Twist

Bitcoin Miners Can Have A

Bitcoin miners can have a sigh of relief as the White House’s proposal to enforce substantial taxes on the industry seems to have fizzled out after President Biden and

Bitcoin Mining Industry Spared From 30% Tax In US

According to Rep. Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners.

The Proposal Aimed To Impose

US Congressman Warren Davidson confirmed that they successfully blocked some proposed taxes by the Biden administration in the deal, including a 30%

The proposal aimed to impose a 10% tax on miners’ electricity usage from 2025, gradually escalating to 30% by 2025. The White House pointed out the significant