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Will Biden Veto Pro-Crypto Legislation? Senator Lummis Responds

Leave a Comment / Biden, Pro-Crypto / azlan90

Though Congress may appear to have turned pro-crypto, the President may still present a key obstacle to passing key legislation for the industry, according to Senator Cynthia Lummis (R-WY). During a Friday interview, the congresswoman shared her perspective on how Capitol Hill’s views on crypto are evolving, and which parties remain opposed to pro-crypto legislation. […]

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

Leave a Comment / Biden, President / Admin

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

Leave a Comment / Admin, Biden / azlan90

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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