{"id":390809,"date":"2023-05-03T20:00:51","date_gmt":"2023-05-03T20:00:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=390809"},"modified":"2023-05-03T10:06:29","modified_gmt":"2023-05-03T10:06:29","slug":"biden-administration-seeks-to-tax-crypto-mining-for-harm-on-society","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/biden-administration-seeks-to-tax-crypto-mining-for-harm-on-society","title":{"rendered":"Biden Administration Seeks To Tax Crypto Mining For ‘Harm’ On Society"},"content":{"rendered":"
United States President Joe Biden and his administration<\/a> plan to impose a severe tax on cryptocurrency mining operations, citing “harms they impose on society.” The report comes after an online post<\/a> on Tuesday, May 2, by the White House Council of Economic Advisers (CEA).<\/p>\n BREAKING: President Biden makes history by proposing a 30% tax on electricity used in cryptocurrency mining to be used to minimize the growing industry's negative impact on climate change.<\/p>\n Cryptomining \u2014 the computing process that generates the digital currency \u2014 consumes an\u2026 pic.twitter.com\/yXSiSIiCqc<\/a><\/p>\n — Occupy Democrats (@OccupyDemocrats) May 3, 2023<\/a><\/p><\/blockquote>\n\n