Cryptoknowmics
2023-05-04 09:43:18

Uncle Sam’s Latest Move May Spell Trouble For Bitcoin Miners

The government of the United States has been acting more aggressively against altcoins and Bitcoin (BTC). It is now about to kick things up a notch higher if a recently introduced bill is passed and this time Uncle Sam is going for the underlying technology. U.S. Ponders Crypto Mining as Part of 2024 Spending Plan The government was looking into crypto mining, according to a recent White House publication about the President’s budget for 2024. The Digital Asset Mining Energy (DAME) Excise tax is a brand-new idea in the budget. As an environmental cost for the electricity used in crypto The post Uncle Sam’s Latest Move May Spell Trouble For Bitcoin Miners appeared first on Cryptoknowmics-Crypto News and Media Platform .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.