White House
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.
New White House Report Lays Out Issues Seen in Crypto Sector
A new report from the Biden administration looks at a number of claims and stated goals from the crypto industry, ranging from cryptocurrencies' role as investment vehicles and payment tools to its potential use in payment infrastructure. The report said that "many [cryptocurrencies] do not have a fundamental value" and noted other issues with the sector. "The Hash" panel discusses the details of the report and the outlook for crypto regulation in the country.
White House Narrows in on Crypto in New Economic Report
The White House took aim at cryptocurrencies in a new report arguing that many aspects of the digital asset ecosystem are creating issues for consumers, the financial system and the environment. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what this could mean for the future of the crypto industry. Plus, the latest on Sushi DAO and its key contributor's SEC subpoena.
White House Takes Aim at Crypto in Scathing Economic Report
The report, authored by the White House Council of Economic Advisers, laid out a number of issues seen within the digital asset ecosystem.
It’s ‘Critical’ Crypto Innovation Stays in U.S., Former White House Adviser Says
Carole House, co-author of President Biden’s executive order on crypto, said keeping crypto in the country is a matter of national security.
Former White House Official Reacts to 'Choke Point 2.0' Concerns
Former White House National Security Council Director of Cybersecurity and Secure Digital Innovation Carole House reacts to concerns raised by crypto advocates, called "Choke Point 2.0," over whether federal regulators could be coordinating to keep crypto assets away from the U.S. banking system. "From my time at the White House, what I saw was a really balanced approach," House said.
CFTC Names Crypto Leaders From Circle, TRM Labs, Fireblocks Among Others to New Tech Advisory Group
The Commodity Futures Trading Commission (CFTC) has named former White House official Carole House to chair the newly-formed tech advisory group with members that include executives from Circle, TRM Labs and Fireblocks. House joins "First Mover" to discuss her outlook for the group's approach to crypto regulation and reaction to SEC Chairman Gary Gensler suggesting again that proof-of-stake tokens are securities.
White House ‘Aware Of’ Silvergate Situation, Spokeswoman Says
White House press secretary Karine Jean-Pierre said the Biden administration is monitoring Silvergate Bank's (SI) situation, comparing it with those at other crypto companies and saying President Joe Biden has called on Congress to take action in this area. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses Jean-Pierre's comments.
Crypto’s Banking Problem Is Not Ironic
Call it Choke Point 2.0, debanking or whatever, the crypto industry’s problems with the banking industry show why the banking industry needs reform.
