What is CryptoSlate Alpha?
A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›
Connected to Alpha
Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.
Oops…you must lock a minimum of 20,000 ACS
If you don’t have enough, buy ACS on the following exchanges:
Connect via Access Protocol
Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
Earn Up to 15% APR & Enjoy 0% Borrow Rates!
The President cast those opposed to his tax plan as “MAGA Republicans.”
U.S. President Joe Biden called for an end to unspecified crypto tax rules on May 9.
On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors.”
Such cuts would supposedly save $18 billion, according to the infographic. However, Biden did not specifically state which tax loopholes existed where reforms would produce those savings.
Early accounts of Biden’s tax plan, first advanced in March, suggested that the government could raise $24 billion through crypto tax rules focused on wash trading.
The Biden administration also proposed a 30% tax on crypto mining, which was advanced again on May 2. However, it is unclear how much funding this tax might generate, and this rule is seemingly aimed at mining firms rather than investors.
Biden also cast those opposed to his plans as supporters of the Republican party, writing: “We don’t have to guess what MAGA House Republicans value. They’re telling us.”
Biden’s infographic also said that Republicans want Congress to cut food safety inspection to save $15 billion, likely in reference to proposals advanced around April 26.
Biden’s bold move: White House wants crypto miners to pay 30% climate change tax
Mining 1 week ago 2 min read