🚀 **Senator Cynthia Lummis Defends Bitcoin Miners Against Proposed Tax!** 🚀

On July 23, Senator Cynthia Lummis released a report slamming the Biden administration's proposed 30% excise tax on energy consumed by Bitcoin miners. She argues this tax could cripple the burgeoning Bitcoin mining industry in the U.S., calling concerns about environmental pollution and energy grid risks "unfounded."

Lummis warns that such a tax could drive Bitcoin miners overseas, similar to what happened after China's ban. She highlights that Bitcoin mining can actually stabilize energy grids, citing examples from Texas where miners helped balance supply during peak demand.

Lummis also points out that Bitcoin mining is increasingly using cleaner energy sources, with up to 52.6% emission-free energy. She emphasizes the economic benefits for underserved areas, noting that miners contribute significantly to community development.

In conclusion, Lummis urges a supportive environment for Bitcoin mining to ensure the U.S. remains a leader in this innovative field. 🌟 #Bitcoin #CryptoNews