Benzinga - Sen. Cynthia Lummis (R-Wyo.) on Tuesday voiced concerns over a tax proposal that appears in the White House’s 2025 budget draft.
What Happened: She said that the government is apparently optimistic toward cryptocurrencies, but warned of the dangers of a hefty tax.
“The White House 2025 budget is incredibly bullish on crypto assets, some might even say they believe it’s going to the moon. But a proposed 30% punitive tax on digital asset mining would destroy any foothold the industry has in America,” Lummis said in a post on X.
The White House 2025 budget is incredibly bullish on crypto assets, some might even say they believe it's going to the moon.