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White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining

White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto MiningOn May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose on others” regarding the environmental impact of crypto mining activities. […]

Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment InnovationsOn March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and […]

Court prolongs Tornado Cash developer Pertsev’s pre-trial detention