Your Resource for Government on Crypto
05.28.2023
Debt Limit Deal Does Not Include Crypto Mining Tax
The deal lawmakers reached to increase the debt ceiling does not include a proposed tax on the energy usage of cryptocurrency miners, according to Rep. Warren Davidson (R-OH). President Biden reportedly wanted the deal to include tax increases for corporations, high-income individuals, and others including crypto miners, but the draft includes no mention of crypto- or mining-related taxes. Davidson tweeted that this is “one of the victories” of the deal.