The Biden administration's proposal for a 30% tax on Bitcoin mining was removed from the debt ceiling agreement

ChainCatcher news, according to Jin10, U.S. Congressman Warren Davidson from Ohio stated that the Biden administration's proposal to impose a 30% tax on Bitcoin mining has been shelved in the debt ceiling agreement on Sunday. The White House hopes this tax could address the environmental costs of Bitcoin mining, although it may find another way to introduce the measure in upcoming legislation. The White House has previously made its position clear that mining comes with environmental and social costs. (source link)