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Joe Biden
U.S. President Again Proposes Crypto Mining Tax, 'Wash Sale Rule' for Digital Assets in New Budget
The 2025 budget proposal projects these taxes could generate $10 billion next year if taken up.
How the Crypto Market Is Reacting to Debt Ceiling Developments
President Joe Biden and House Speaker Kevin McCarthy are looking to extend the debt limit through 2025 and include some moderate federal spending cuts. "First Mover" hosts discuss the latest developments surrounding the U.S. debt ceiling and what it means for the crypto markets.
White House Pushes for Punitive 30% Tax on Crypto Mining Operations
U.S. President Joe Biden is looking to impose a punitive tax on crypto mining operations for the "harms they impose on society," the White House’s Council of Economic Advisers (CEA) said Tuesday in an online post. The administration’s blog entry made the case for a U.S. tax equal to 30% of a mining firm’s energy costs – an unusual industry-specific penalty that could threaten the profits of such businesses. "The Hash" panel discusses the potential impact on the bitcoin mining industry.
White House Takes Aim at Crypto in Scathing Economic Report
The report, authored by the White House Council of Economic Advisers, laid out a number of issues seen within the digital asset ecosystem.
Warren Buffett in Talks With White House on Banking Crisis: Bloomberg
Berkshire Hathaway CEO and billionaire investor Warren Buffett is in contact with senior officials within President Joe Biden’s administration, according to Bloomberg. This comes as the White House grapples with elevated concerns of a banking crisis. "The Hash" panel discusses the latest reporting.
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
President Joe Biden unveiled his 2023 budget proposal on Thursday.
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
The U.S. President is expected to unveil his budget proposal on Thursday.
White House ‘Aware Of’ Silvergate Situation, Spokeswoman Says
White House press secretary Karine Jean-Pierre said the Biden administration is monitoring Silvergate Bank's (SI) situation, comparing it with those at other crypto companies and saying President Joe Biden has called on Congress to take action in this area. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses Jean-Pierre's comments.
Pres. Biden to Name Fed Vice Chairwoman Lael Brainard as Top Economic Adviser: Bloomberg
Brainard has been leading the U.S. Federal Reserve's work on a potential digital dollar and has been minding the store on crypto policy discussions until the central bank appoints its permanent vice chair for supervision.
The White House Is Concerned About Crypto
U.S. President Joe Biden’s White House published a statement on implementing safeguards for cryptocurrencies.
