US Senator against Bitcoin Mining Tax

- On July 23, Senator Cynthia Lummis released a report opposing a 30% energy tax for Bitcoin miners.

- Lummis claims that Bitcoin mining is cleaner than commonly thought: up to 52.6% of mining can be emission-free.

- Mining helps stabilize energy grids, as is happening in Texas.

- The tax could discourage miners from using sustainable energy sources.

- Raising taxes will lead to an outflow of miners from the United States, as was the case in China.

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