President Biden's Tax Plan Will Drive Bitcoin Miners Out of US: Marathon CEO
The Biden administration's proposal to tax American bitcoin miners, if implemented, will likely drive mining firms outside of the country and not raise the intended funds, according to Marathon Digital's CEO. He also noted that the policy would not result in more renewable power, as miners provide the economic incentive for those people to operate.
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President Biden's Tax Plan Will Drive Bitcoin Miners Out of US: Marathon CEO
The Biden administration's proposal to tax American bitcoin miners, if implemented, will likely drive mining firms outside of the country and not raise the intended funds, according to Marathon Digital's CEO. He also noted that the policy would not result in more renewable power, as miners provide the economic incentive for those people to operate.