Biden

President Biden Proposes Crypto Mining Tax and Wash Sale Rule in 2025 Budget Proposal

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Last updated: March 11, 2024 18:54 EDT | 2 min read U.S. President Joe Biden released his 2025 budget proposal on Monday featuring a number of provisions aimed at altering the cryptocurrency industry, including a wash sale rule for digital assets and an excise tax for crypto mining operations. Biden’s Crypto Mining Tax and Crackdown […]

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Biden Admin Launches “Emergency” Survey Of Bitcoin Miners’ Electricity Usage

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The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency miners to disclose data related to how much electricity they consume. The so-called “Emergency Survey” marks another attempt by the U.S. government to curb the negative excesses of Bitcoin mining, which Democrats have widely criticized for polluting the environment. The Emergency Bitcoin Mining

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