The US government will try to convince Congress of the need to introduce a special tax on cryptocurrency mining.
Moreover, the tax rate must be at least 30%. This is the so-called environmental tax.
Republican Senator Cynthia Lummis believes that the initiative proposed by the Joe Biden administration is unlikely to pass the House of Representatives.
During a speech at the Bitcoin Miami 2023 conference, the politician said that the American authorities, on the contrary, should create conditions for the development of the mining industry.
The US is now the world leader in terms of bitcoin power. If Washington decides to tighten fiscal policy, then companies producing cryptocurrency will begin to leave for other countries. Influential groups in Congress that lobby for the interests of the industry are not interested in this.
Cynthia Lummis said:
It will not happen [принятие законопроекта о налоге на майнинг]. It is important for us that the development of this technology, as well as the very production of bitcoins, takes place in the United States.
