Cynthia lummis says that bidens 30 % miner tax will not happen

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The Bitcoin-friendly Republican Senator Cynthia Lummis does not believe that the consumption tax proposed by the bidet government will probably not come from the House of Representatives on Bitcoin miner.

On the stage of Bitcoin Miami 2023, the politician continued to support the miners and believe that the spread of the industry in the United States is a question of national security.

mining: dirty or clean?

during the interview lummis spoke to Perianne Boring, a member of the crypto interest group Chamber of Digital Commerce, about consumption tax.

Boring said that companies within their membership, the 50 % of the Hash rate of Bitcoin, were "incredibly concerned" that they could not operate in the United States if the tax was introduced.

Lummis reacted with a calming down for bitcoiners.

"That won't happen," she said. "It is absolutely important that the development of this technology and Bitcoin mining takes place in the United States."

bidens consumption tax was tacitly collected introduced in 2024, which also contained new rules for crypto-water trade and capital gains. At the beginning of this month, the President's Council published his publication Orientation Aid If the congress approves the tax, it must calculate with consequences because it causes "local environmental pollution" and "higher energy prices"

Contrary to her claims, Lummis believes that Bitcoin mining is more of a blessing for the environment and the energy network than damage. In her home state of Wyoming, she explained that Miner would already be used as an economic alternative to drain methane waste from oil and gas sources to prevent the methaneas from being flared into the atmosphere.

"Bitcoin can actually be an advantage for the stabilization of a network," she added, "because there can be effort to break down Bitcoin." [Energy] Energy consumption is low, and then the breakdown is reduced when the energy consumption is high. ”

miner can dismantle anywhere

Bitcoin-Miner made similar stabilization efforts with the Texas Grid in July 2022, whereby the miners paused their operation To save households.

However, the House of Representatives from Texas is currently considering a proposal to limit the number of miners that can take part in the Demand Response program-the miner for the time they spend offline financially.

In the fourth quarter of 2022, the global Bitcoin mining industry had a green energy mix of 58.9 % mining advice, according to Bitcoin.

If the efforts at the federal and state level should ultimately be successful to contain the mining in America, Lummis is still not worried about the global survival of the industry.

"Miner can dismantle anywhere", she said and referred to the inexpensive company based in Norway hydropower mining company . "All over the world there are opportunities for Bitcoin mining in jurisdictions that are friends ... and enemies."

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