Senator Lummis Criticizes Biden's 'Disastrous' Bitcoin Mining Tax Proposal

Senator Cynthia Lummis has released a report strongly criticizing the Biden administration's 'disastrous proposal' to tax Bitcoin miners.

Lummis argues that the proposed tax is a direct attack on innovation, energy abundance, and American excellence. The report, referred to as the 'orange paper,' outlines the potential negative impacts of the tax on the cryptocurrency industry and the broader U.S. economy.

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