U.S. President Joe Biden’s budget and associated tax proposals could impact cryptocurrency miners, according to the White House’s 2024 budget paper.
The budget specifically proposes imposing a “digital asset mining energy excise tax” in one line of its summary tables. The addition is projected to decrease the country’s deficit by $74 million in 2024, $1.38 billion by 2028, and $3.50 billion by 2033.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased