Negotiations over the new debt deal squashed the Biden Administration’s plan to phase in a 30% tax on the electricity used in Bitcoin (BTC) and crypto mining. Congressman Warren Davidson (R-Ohio), a vocal supporter of digital assets, says on Twitter that “one of the victories” of the negotiating process was blocking proposed taxes, including the […]

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The post Plans for 30% Tax on Bitcoin Mining Shut Down in New Debt Deal: Senator Warren Davidson appeared first on The Daily Hodl.
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