White House
Texas Blockchain Council, Riot Platforms Sue Dept. of Energy, OMB Over 'Emergency' Survey
If the court does not intervene, the companies will be "immediately and irreparably harmed," the filing said.
AI-Related Tokens Stumble After White House Executive Order
Critics of President Biden's action wonder if innovation could be stifled.
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the delay is a White House strategy.
Lawmakers Spar over Stablecoin Bill; Amazon Dives Deeper into Web 3
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Financial Services Committee Chair Patrick McHenry (R-NC) points to the White House for derailing progress on stablecoin legislation. Plus, a new report from Crystal Blockchain provides an update on the role of crypto donations in Ukraine’s fight against Russia. And, Amazon unveils a new Web3 play.
White House’s 'Unwillingness to Compromise' Stalled Stablecoin Bill: Rep. McHenry
House lawmakers have failed to reach a bipartisan deal on stablecoins legislation, with Financial Services Committee Chair Patrick McHenry (R-N.C.) blaming White House intransigence for the stalemate while the panel's top Democrat said it was McHenry who shut down the talks. A White House spokesperson did not immediately respond to a request for comment. "The Hash" panel discusses the latest updates in U.S. crypto regulation.
Biden Administration Pushes for Punitive Tax on Crypto Mining
Troy Cross, professor of Philosophy and Humanities at Reed College and Fellow at Bitcoin Policy Institute, joins "All About Bitcoin" to discuss the energy usage of bitcoin mining and the White House's proposal to push for a punitive tax on crypto mining tax.
Marathon Digital Holdings CEO on White House's Crypto Mining Tax Proposal
The Biden Administration is pushing to impose a punitive tax on crypto mining operations for the "harms they impose on society," according to an online post from the White House’s Council of Economic Advisers (CEA). Marathon Digital Holdings CEO Fred Thiel shares his reaction and why he thinks the White House "just wants to get rid of crypto" in the U.S.
RFK Jr. Raises Crypto Taxes, Regulation as Issues in Opening Days of 2024 Presidential Race
Democratic presidential candidate Robert Kennedy Jr. is criticizing the White House effort to establish a 30% tax for crypto mining in the U.S.
White House Pushes for Punitive 30% Tax on Crypto Mining Operations
U.S. President Joe Biden is looking to impose a punitive tax on crypto mining operations for the "harms they impose on society," the White House’s Council of Economic Advisers (CEA) said Tuesday in an online post. The administration’s blog entry made the case for a U.S. tax equal to 30% of a mining firm’s energy costs – an unusual industry-specific penalty that could threaten the profits of such businesses. "The Hash" panel discusses the potential impact on the bitcoin mining industry.
White House Pushes for Punitive Tax on Crypto Mining
The Biden administration is campaigning for a tax first sought in a recent federal budget proposal, advocating that crypto miners pay an amount equal to 30% of their energy costs.
