Sen. Cynthia Lummis (R-Wyo.) slammed Joe Biden’s administration proposal to impose a 30% tax on Bitcoin (CRYPTO: BTC) mining operations, calling it a “blatant attack” on innovation and American excellence. What Happened: In a so-called “orange paper” shared on Tuesday, the senator outlined several benefits of Bitcoin mining operations and how taxing them could adversely affect energy infrastructure, the environment, and the state’s tax revenues. In the report, Lummis states that mining operations help strengthen U.S. energy grids, contrary to the claims made by the administration. She said tha…
