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White House advisors renew push for 30% digital mining energy tax

Published 05/03/2023, 12:50 AM
Updated 05/03/2023, 02:20 AM

The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of efforts to minimize the industry’s alleged impact on climate change.

The proposed crypto-mining tax was first announced on March 9 as part of President Joe Biden’s FY2024 budget and seeks to impose a phased-in 30% excise tax on electricity used by crypto-miners.

Screenshot of CEA's thread on the environmental impact of crypto mining. Source: Twitter

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