Uncle Sam’s Latest Move May Spell Trouble For Bitcoin Miners

The government of the United States has been acting more aggressively against altcoins and Bitcoin (BTC). It is now about to kick things up a notch higher if a recently introduced bill is passed and this time Uncle Sam is going for the underlying technology. U.S. Ponders Crypto Mining as Part of 2024 Spending Plan The government was looking into crypto mining, according to a recent White House publication about the President’s budget for 2024. The Digital Asset Mining Energy (DAME) Excise tax is a brand-new idea in the budget. As an environmental cost for the electricity used in crypto The post Uncle Sam’s Latest Move May Spell Trouble For Bitcoin Miners appeared first on Cryptoknowmics-Crypto News and Media Platform .