Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes? By Cointelegraph
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© Reuters.
(BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.
The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto miners a tax equal to 10% of the cost of the electricity they used for mining in 2024, before scaling up to 30% in 2026.
Dead and buried or set to return?
Is the damage already done?
Continue Reading on Coin Telegraph
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© Reuters.
(BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.
The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto miners a tax equal to 10% of the cost of the electricity they used for mining in 2024, before scaling up to 30% in 2026.
Dead and buried or set to return?
Is the damage already done?
Continue Reading on Coin Telegraph
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