Senator Lummis Advocates Against Proposed 30% Tax on Bitcoin Miners
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Senator Cynthia Lummis, also known as “Crypto Queen” of Congress, has recently released a report that argues against Biden’s mining tax. On July 23, she shared a report, noting the environmental and economic benefits of the bitcoin mining infrastructure to the United States’ energy grid.
Lummis also criticized the government’s 30% excise tax on the energy consumed by the miners. She states:
“The Biden administration’s dangerous scheme to tax bitcoin miners is a blatant attack on innovation, energy abundance and American excellence. ”
The pro-crypto senator uses data from the Bitcoin Energy and Emissions Sustainability Tracker to state that bitcoin mining is more environmentally friendly than commonly perceived.
