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Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules

The proposal also seeks to expand the DOJ’s budget by $52 million to fight ransomware and combat the “misuse of cryptocurrency.”

By Michael Bellusci
Updated May 11, 2023, 4:51 p.m. Published Mar 28, 2022, 5:04 p.m.
WASHINGTON, DC - OCTOBER 08: U.S. President Joe Biden delivers remarks on the September jobs numbers in the South Court Auditorium in the Eisenhower Executive Office Building on October 08, 2021 in Washington, DC. According to the U.S. Labor Department, the economy added a disappointing 194,000 jobs in September as the COVID-19 Delta variant negatively impacted the usual annual hiring patterns. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - OCTOBER 08: U.S. President Joe Biden delivers remarks on the September jobs numbers in the South Court Auditorium in the Eisenhower Executive Office Building on October 08, 2021 in Washington, DC. According to the U.S. Labor Department, the economy added a disappointing 194,000 jobs in September as the COVID-19 Delta variant negatively impacted the usual annual hiring patterns. (Photo by Chip Somodevilla/Getty Images)