US Sen. Lummis Says President Biden Is Picking ‘Winners and Losers’ With Proposed Crypto Mining Tax
The Biden administration is picking “winners and losers” in a proposal to tax cryptocurrency miners, US Sen. Cynthia Lummis said in a tweet on Thursday. The Wyoming Republican called Biden’s proposed 30 percent tax a “bl...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Wyoming Republican called Biden’s proposed 30 percent tax a “blatant attempt by the administration to pick winners and losers.”
“I will not let President Biden tax the digital asset industry out of existence,” Lummis said. ...
Read More: US Sen. Lummis Says President Biden Is Picking ‘Winners and Losers’ With Proposed Crypto Mining Tax
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Greece Crypto Tax Proposal Would Exempt First €500 in Annual Gains
Greece is preparing a draft law that would tax individual crypto capital gains at 10%, with a reported €500 annual exemption. The...
Bitcoin miners escape months of distress as daily revenue surges by 78%
Bitcoin miners are emerging from months of financial pressure as rising BTC prices lift daily industry revenue by 78%. According t...
US government moves another $1 billion in Bitcoin as BTC slides $4,000
US government-linked wallets moved over $1 billion in Bitcoin on Oct. 8 as BTC prices fell and more coins reached Coinbase Prime....
US government moves $470 million in seized crypto to Coinbase wallets, raising Bitcoin sale questions
The US government moved about $470 million in seized crypto to likely Coinbase Prime addresses, according to Arkham, reviving ques...
PowerCompute Mines 8.1 Bitcoin In September After Using BTC To Slash Debt
TL;DR: PowerCompute mined 8.1 BTC in September, up 37% from a year earlier. Its month-end Bitcoin holdings fell to 63.7 BTC after...
Wall Street's tokenization boom could have bigger winners than bitcoin and ether, Citrini says
The research firm sees tokenized stocks, bonds and loans creating new markets for trading and lending, with fee-generating platfor...