Joe Biden apparently wants to put a ‘climate change tax’ on cryptocurrency mining now.

Does anyone believe that Biden even knows what cryptocurrency is or how it works? And furthermore, what does it have to do with climate change?

It’s almost like Democrats are just looking around at everything under the sun for an excuse to collect more taxes. Almost.
 

From Yahoo News:

Biden proposes 30% climate change tax on cryptocurrency mining

The White House is trying to persuade Congress to pass a 30% tax on the electricity used in cryptocurrency mining in the next federal budget in order to minimize the nascent industry’s impact on climate change.

“Cryptominers’ high-energy consumption has negative spillovers on the environment, quality of life, and electricity grids where these firms locate across the country,” the president’s Council of Economic Advisers (CEA) argues in a blog post that will appear on the White House website on Tuesday, to which Yahoo News gained advance access. The post will lay out the case for the Digital Asset Mining Energy (DAME) excise tax, which the CEA writes is an “example of the Administration’s efforts to fight climate change and reduce energy prices.”