Biden’s controversial tax on Bitcoin mining did not make it into the U.S. debt ceiling bill, but is it gone for good?
later in a May 29 Twitter thread that the administration would likely attempt to sneak it into some omnibus bill and would already have done so if it had the political currency to do so.
While speaking to Chamber of Digital Commerce founder and CEO Perianne Boring during a May 20 fireside chat at the Bitcoin 2023 conference in Miami, Senator Cynthia LummisLummis added that ensuring Bitcoin mining firms remain in the U.S. was important for both national security and energy security, highlighting how Bitcoin mining can bothCointelegraph contacted the White House asking whether it planned to continue pursuing the DAME tax but did not receive a response.
Many from within the crypto industry and even some U.S. lawmakers agree with this take, arguing that, among other measures, the U.S. government is making afrom working with crypto firms — aka Choke Point 2.0 — under the guise of ensuring the financial system remains stable and safe.
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