White House Council Of Economic Advisors news and trends

Biden Proposes 30% Crypto Mining Tax to Offset Environmental Cost

May 03, 2023
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Biden Proposes 30% Crypto Mining Tax to Offset Environmental Cost

May 03, 2023
The White House wants to tax crypto mining to offset the “harm” the practice causes. The Digital Asset Mining Energy (DAME) excise tax, proposed in President Joe Biden’s budget, would levy a tax on crypto mining firms equal to 30% of the cost of the electricity they use, the White House Council of Economic Advisors (CEA) […]