The Biden administration's proposal to impose a 30% tax on electricity for cryptocurrency mining is an act of market suppression.
Pierre Rochard, Vice President of Research at Riot Platforms, stated that the proposal by President Biden to impose a 30% tax on cryptocurrency mining electricity is an attempt to secretly suppress the thriving cryptocurrency market. There is a hidden agenda behind the taxation, which is an attempt to stifle Bitcoin's growth and pave the way for CBDCs. Even miners using renewable energy sources would not be exempt from this proposed tax, raising concerns about its fairness and underlying motives.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An independent miner successfully mined block 924569, capturing a reward of 3.146 BTC.
VanEck CEO: Will Exit Investment if Bitcoin’s Fundamental Logic Breaks, Market Demand for Privacy Continues to Grow
Trending news
MoreCrypto prices
More
