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White House proposes 30 percent tax on electricity used for crypto mining
White House proposes 30 percent tax on electricity used for crypto mining,The Biden administration wants to impose a 30 percent tax on the electricity used by cryptocurrency mining operations, and it has included the proposal in its budget for the fiscal year of 2024.

White House proposes 30 percent tax on electricity used for crypto mining

The Biden administration wants to impose a 30 percent tax on the electricity used by cryptocurrency mining operations, and it has included the proposal in its budget for the fiscal year of 2024.