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News Explorer — US Debt Ceiling Deal Blocks 30% Bitcoin Mining Tax: Congressman

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May 29, 11:01 am
Decrypt

US Debt Ceiling Deal Blocks 30% Bitcoin Mining Tax: Congressman

The details of the agreement between President Joe Biden and House Speaker Kevin McCarthy on the U.S. debt ceiling were made public Sunday. Responding to a comment that "the Administration's DAME excise tax proposal is gone?" given that Bitcoin mining wasn't mentioned in the text of the bill, U.S. Congressman Warren Davidson (R-OH-08) stated that, "Yes, one of the victories is blocking proposed taxes."

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