The US President's Tax on Crypto Mining

US President Joe Biden is looking to impose a punitive tax on crypto mining operations. The administration's latest blog made the case for a US tax equal to 30 percent of a mining firm's energy costs. According to the blog post, the tax could raise up to $3.5 billion in revenue over the next 10 years. In related stupid news, Coinbase has launched an offering specifically for non-US customers into what is surely a shocking move to anyone not outside the halls of power.