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May 26, 2023 by BitcoinLifestyle.com

Cynthia Lummis Criticizes Biden-Proposed Bitcoin Mining Tax As ‘Blatant Attempt’ To Pick ‘Winners And Losers’

Cynthia Lummis Criticizes Biden-Proposed Bitcoin Mining Tax As ‘Blatant Attempt’ To Pick ‘Winners And Losers’

Sen. Cynthia Lummis (R-Wyo.) has declared her opposition to President Joe Biden’s proposed 30% excise tax on Bitcoin BTC/USD miners. What Happened: Lummis on Thursday tweeted that the tax is a “blatant attempt by the administration to pick winners and losers,” adding that she “will not let President Biden tax the digital asset industry out of existence.”

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