- The Biden administration eliminated the controversial DAME excise tax from its debt ceiling invoice.
- The DAME excise tax proposed a 30% tax on power skilled by cryptocurrency miners within the US.
- US Congressman Warren Davidson has confirmed {that a} proposed tax on cryptocurrency miners has been blocked.
In a significant victory for cryptocurrency miners within the US, the Biden administration determined to not embrace the controversial Digital Asset Mining Power (DAME) excise tax within the newest debt ceiling invoice. That is excellent news for crypto mining corporations and the broader crypto trade working within the US
US Congressman Warren Davidson shared the Home debt restrict invoice on Twitter earlier as we speak. The 99-page doc lists varied reforms and exemptions aimed toward easing the continued debt ceiling disaster in the USA, together with a spending restrict of greater than $1.6 trillion for fiscal years 2026-2029.
Sure, one of many victories is obstructing proposed taxes.
– Warren Davidson
(@Warren Davidson) in 2023 Might 29
Pierre Rochard, Vice President of Analysis at Riot Blockchain, an American Bitcoin mining big, rβ¦
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