White House Proposes Energy Tax To Curb Crypto Mining Emissions

The White House has proposed a plan to have crypto miners pay extra for the energy they consume during mining operations. Dubbed the Digital Asset Mining Energy (DAME) tax, miners will pay a tax equal to 30% of the electricity they use in crypto mining. Under the proposal, any business or company that uses computing resources - whether owned or leased - to mine crypto and other digital assets will be subject to an excise tax equal to 30% of the related electricity costs. The tax is estimated to raise $3.5 billion in revenue over the next decade.…