🚀 **Crypto News Flash!**

- **Senator Lummis vs. Biden's Bitcoin Tax** 🪙

- Released a report titled *Powering Down Progress* on July 23.

- Argues against proposed 30% excise tax on Bitcoin mining.

- Highlights Bitcoin mining's benefits to the U.S. energy grid.

- Notes up to 52.6% of BTC mining might be emissions-free.

- Bitcoin miners help stabilize grids, e.g., ERCOT in Texas.

- Tax could disincentivize sustainable energy use.

- Cites global examples: El Salvador's volcanic energy, Finland's community heating.

- Warns tax could drive industry out of the U.S., referencing China's 2021 mining ban.

Stay tuned for more blockchain buzz! 🚀