Riot Platforms VP of Research: Biden Administration’s Proposal to Tax Crypto Mining Electricity by 30% Is Market Suppression

Pierre Rochard, Vice President of Research at Riot Platforms, stated that President Biden's proposal to impose a 30% tax on cryptocurrency mining electricity is an attempt to secretly suppress the booming cryptocurrency market. There is a hidden agenda behind the tax, which is an attempt to suppress Bitcoin growth and pave the way for CBDC. Even miners using renewable energy cannot exempt from this proposed tax, which has raised concerns about its fairness and potential motives.