Cynthia Lummis Criticizes Biden-Proposed Bitcoin Mining Tax As \'Blatant Attempt\' To Pick \'Winners And Losers\'

Sen. Cynthia Lummis (R-Wyo.)  has declared her opposition to President Joe Biden’s proposed 30% excise tax on Bitcoin (CRYPTO: BTC) miners. What Happened: Lummis on Thursday tweeted that the tax is a “blatant attempt by the administration to pick winners and losers,” adding that she "will not let President Biden tax the digital asset industry out of existence." A 30% tax hike on any specific industry is a blatant attempt by the administration to pick winners and losers.I will not ...Full story available on Benzinga.com