- Bitcoin mining remains a polarizing subject.
- The activity has drawn the ire of the Biden administration.
- Senator Cynthia Lummis has aligned with the Bitcoin community.
Bitcoin mining is a polarizing subject that has often drawn the ire of governments due to its high energy use. In the latest instance, the President Joe Biden-led administration has stressed plans to impose a harsh tax regime on the activity.
The proposal has, however, received pushback from members of the Bitcoin community who have argued that the administration’s priorities are misplaced. Bitcoin community members are notably not the only ones to have criticized the proposal. United States presidential candidate Robert F. Kennedy Jr. bashed the proposal as a “bad idea.” Kennedy has chosen to align himself with the Bitcoin community in public statements.
Senator Cynthia Lummis asserted that the tax would not pass Congress during the…
