Biden’s budget revives 30% tax on crypto mining to broaden digital asset tax base

2024-3-12 12:39

United States President Joe Biden has put forward a proposal in his next year’s budget to impose a 30% tax on the electricity consumption of cryptocurrency mining operations. The proposal is part of the “Fiscal Year 2025 Revenue Proposals,” aiming…

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Источник: btcmanager.com

tax biden → Результатов: 67

Biden’s proposed $18b crypto tax leaves unanswered questions

The president of the United States, Joe Biden, recently claimed that the government is losing $18 billion due to cryptocurrency tax loopholes.

2023-5-11 18:02	United States
tax biden losing government billion cryptocurrency loopholes

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Biden’s Administration Unveils Proposed Crypto-Tax Measures

As part of President Joe Biden’s new tax enforcement measure, the US Department of Treasury has introduced legislation to combat tax evasion involving cryptocurrencies. Treasury Proposes Measures To Prevent Crypto-Tax Evasion The U.

2021-5-21 22:19	tax
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Biden’s Tax Plan Could be Bullish for Ethereum but Bearish for Bitcoin

Joe Biden, the United States president, is reportedly in the process of proposing a tax law targeted at the wealthiest Americans. The news surfaced at a bad time for cryptocurrency investors who are not exactly in their happiest of moods, and rightfully so.

2021-4-25 23:24	xbtusd
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“Taxes Don’t Matter”: People Race To Bitcoin Because Of Government-Induced Inflation, Says Jimmy Song

A renowned Bitcoin developer and proponent Jimmy Song says the rising interest in Bitcoin is driven by Government-induced inflation. He said this in reaction to the recent news of a proposed tax increase by the Biden administration.

2021-4-24 23:16	xbtusd
bitcoin inflation jimmy song government-induced says administration

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Tax Concerns May Have Contributed to Bitcoin Dip

U.S. President Joe Biden has proposed almost doubling the capital gains tax for the wealthy, which may have contributed to bitcoin’s already sliding price. The post Tax Concerns May Have Contributed to Bitcoin Dip appeared first on BeInCrypto.

2021-4-24 19:40	The United States (USA)
tax contributed bitcoin may dip concerns sliding

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Biden's Tax Proposal, Bitcoin at $30,000, XRP Rally Erased: Top Crypto News in One Video

U.Today picks three top news for (another) Bloody Friday in Crypto

2021-4-24 18:45
crypto picks today video three friday bloody

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Bitcoin Plummets Below $50,000, Extending Losses Following Biden’s New Tax Proposal

Bitcoin, since surging to new all-time high earlier this month, has continued to face a string of bad news. Earlier last week, Bitcoin prices tumbled due to Xianjiang crypto miners shutting down due to power outages — causing a record $10 billion in futures liquidations.

2021-4-23 15:53	Digital Currency
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Global Market Slumps as Biden’s 39.6% Proposed Capital Gains Tax Shakes Wall Street

Continue reading at Coinspeaker

2021-4-23 14:53
street shakes wall continue coinspeaker reading tax

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Bitcoin (BTC) Tumbles below $50k After Biden Unveils Tax Plan

The global markets crashed today on the heels of Biden’s tax plans. Bitcoin Crashes Below $50k The world’s largest cryptocurrency by market cap bitcoin (BTC) today witnessed a steep crash shortly after U.

2021-4-23 14:00	ethereum
bitcoin biden tax today btc below 50k

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$3.7 billion liquidated as crypto markets react to Biden’s tax scare

Over $3 billion worth of crypto positions were liquidated this morning amidst a broader sell-off, data from multiple sources showed. The post $3.7 billion liquidated as crypto markets react to Biden’s tax scare appeared first on CryptoSlate.

2021-4-23 13:00	btcusd
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Bitcoin Sees Disastrous Dip Below $50,000 Following Biden’s Tax Scare

The price of Bitcoin (BTC) fell below the $50,000 mark on Friday – its lowest over the past six months – following tentative plans by US President, Joe Biden to target digital assets and raise ROI tax rates higher than that of labor in America.

2021-4-23 12:49	xbtusd
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Bitcoin Nearing Daily Low While COIN Drops Below $300 on Biden's Tax Proposal

Coinbase (COIN) plunged below $300 after Biden's taxed proposal pummeled the markets

2021-4-22 21:51
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U.S. Eyeing $4 Trillion in New Spending. Is Bitcoin About to Soar?

The Biden administration hopes that tax hikes will help to offset its huge spending plans

2021-3-29 19:21
spending hikes tax offset plans huge hopes

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Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike

The U. S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency.

2020-10-21 00:15
bitcoin proponents gains capital joe biden plans

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New US bill aims to eliminate double taxation on crypto staking rewards

Two U.S. lawmakers have proposed a bill that clarifies the taxation framework for cryptocurrency staking rewards. Bipartisan lawmakers Reps. Wiley Nickel, D-N.C., and Drew Ferguson, R-Ga, introduced the Providing Tax Clarity for Digital Assets Act on May 1 to clarify…

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Bitcoin Whales, Not Retailers, Are Safe If The United States Government Begins Confiscating Coins: Analyst

Willy Woo, an on-chain analyst, took to X on April 29, raising concerns about the fate of retail Bitcoin investors if the world, especially the United States, plunges into a recession. Woo, referencing historical events, argues that while large Bitcoin holders, or “whales,” are likely to weather the storm since they control private keys of their coins, […]

US senators cracking down on crypto use in child abuse trade

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Uniswap nosedives 16% on news of Wells notice

Uniswap‘s token UNI has dropped 17% following a lawsuit notice from US regulators sinking to $9.27, its lowest since late February. The latest decline coincided with the exchange receiving an official investigation Wells notice from the SEC. The market cap…