Republicans in the U.S. House of Representatives are criticizing the White House, saying the Biden administration’s approach to crypto assets threatens the nascent industry. In a new memo addressed to...
Tag: biden
Bitcoin slips under $20K amid Biden budget, Silvergate collapse
The price of the Bitcoin (BTC) briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “cryp...
Biden budget proposes closing crypto loophole to raise $24 billion in new revenue
Tucked within President Biden’s budget is a proposal to change the tax treatment of cryptocurrency transactions that would eliminate investors’ ability to take advantage of losses to lower...
Biden targets crypto, real estate and oil industries, as he unveils his budget
President Joe Biden on Thursday called for ending tax subsidies for cryptocurrency investors, the real estate industry and the oil and gas sector, as he formally rolled out his proposed budget for the...
Biden budget proposes 30% tax on crypto mining electricity usage
A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration’s 2024 fiscal year budget. A Department of the Treasur...
Bitcoin Bounces at $20,000 As Biden Administration Fights 50 Million American Citizens Who Own Cryptocurrency
Bitcoin just bounced off a historic line of support at $20,000 as the Biden Administration launches an all-out assault on cryptocurrency and the 50 million registered American voters who own digital a...
Biden budget proposal aims to reduce deficit by $74M in 2024 via energy tax on crypto miners
U.S. President Joe Biden’s budget and associated tax proposals could impact cryptocurrency miners, according to the White House’s 2024 budget paper. The budget specifically proposes imposi...
House Republicans directly criticize Biden administration for digital asset policies
Statements from Republican lawmakers ahead of the inaugural hearing of the United States House of Representatives subcommittee focused on digital assets, financial technology and inclusion suggest par...
Bitcoin Price Drops Below $21K As Biden Unveils New U.S. Budget
In a formal presentation of the proposed budget for the fiscal year 2024, U.S. President Joe Biden advocated the elimination of tax subsidies for cryptocurrency investors, the real estate business, an...
Biden proposed FAA budget for 2024 increases funding
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Ima...
Biden Unveils $6.8 Trillion Budget With New Tax Revenue—Here’s What To Know
Topline President Joe Biden proposed new taxes on the wealthy in order to lower the federal deficit by $3 trillion over the next five years in his 2024 budget plan unveiled Thursday—but the proposal i...
Biden Budget Plan proposes taxes to reduce crypto wash trades
U.S. President Joe Biden’s proposed budget will be released on March 9, including a stipulation for tax loss loopholes on crypto transactions. The budget blueprint will include a provision to reduce ...
Biden Will Propose A New 25% Minimum ‘Billionaires Tax’ In 2024 Budget, Report Says
Topline President Joe Biden will float a new 25% minimum tax on billionaires in his budget proposal set to be unveiled Thursday, Bloomberg reported, among a series of new taxes on corporations and the...
Biden Wants To Impose New Crypto Tax Rules
The Biden administration is looking to impose new rules on crypto taxation, which will include the wash sale rule and doubling capital gains taxes. New Budget Proposal Doubling Down On Crypto The Pre...
Opinion: Crypto Fans, It’s Time to Say “No” to Joe Biden
Crypto fans (and everyday Americans) are counting down the days to November 2024. Why? Because that’s the month they can finally vote Joe Biden out of office for good. Biden Has Done Nothing for Ameri...
Republicans Are Making A Mistake By Waging War On ESG Investing
Ben Cohen and Jerry Greefield, co-founders of Ben and Jerry’s ice cream, have been involved in many … [+] social causes over the years. (Photo by Chip Somodevilla/Getty Images) Getty Image...
High Electricity Prices Will Go Even Higher Unless We Change Course
Melville, N.Y.: Power lines along Ruland Road in Melville, New York on February 13, 2020. (Photo by … [+] Steve Pfost/Newsday RM via Getty Images) Newsday via Getty Images Inflation remains stub...
US President Joe Biden Wants to Increase Federal Pay by 5.7%
United States President Joe Biden is reportedly on track to propose a 5.7% increase to the salaries of Federal Government workers in the country. According to a report from the Washington Post, citing...
Biden budget aims to cut deficits nearly $3T over 10 years
WASHINGTON (AP) — President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. That deficit reduction goal is s...
Biden administration set to overhaul crypto-tax regime in the United States
President Joe Biden’s taxation guidelines for 2024 will remove tax deductions for losses from crypto-wash sales New budget proposal will also double the capital gains tax from 20% to 40% United States...
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
The president’s team has already passed one crypto tax-related piece of legislation into law; in 2021, the Bipartisan Infrastructure Framework, which later became the Infrastructure Investment a...
Biden wants to double capital gains and clamp down on crypto wash sales: Reports
U.S. President Joe Biden’s upcoming budget proposal has a few surprises for crypto traders and investors, including a proposed doubling of capital gains and a crackdown on crypto wash sales. The Bide...
Biden to propose changing crypto tax rules: WSJ
U.S. President Joe Biden will propose changes to crypto taxation in an upcoming budget, according to a report from the Wall Street Journal on March 8. That report says that Biden will modify taxes on ...
Biden’s 2024 Budget Will Focus On ‘Billionaires Tax’ And Lowering The Deficit By $3 Trillion: Here’s What To Know
Topline President Joe Biden will propose new taxes on the wealthy in order to lower the federal deficit by $3 trillion when he unveils his 2024 budget plan Thursday — but the proposal is expected to f...
Average Gasoline Prices Under The Past Four Presidents
WASHINGTON, DC – JANUARY 24: President Donald Trump signs one of five executive orders related to … [+] the oil pipeline industry in the Oval Office of the White House January 24, 2017 in ...
Is Biden Using an Obama-Era Program to Ban BTC?
Biden and his nation-hating associates have been accused of secretly trying to ban crypto through an Obama-era initiative known as Operation Choke Point 2.0. The plan was designed to cut off any “unde...
Who Could Train Ukrainian Pilots To Fly Those F-16s They’re Not Supposed To Be Getting?
Arizona Air National Guard F-16 Fighting Falcons with the 162nd Wing fly in formation during an air … [+] refueling from a KC-135 Stratotanker from the 161st Air Refueling Wing during a local so...
Biden Wants to Close Tax Loopholes and Raise Taxes on Rich People to Protect Medicare
biden medicare When he was running for president, Joe Biden was very clear that he was not Bernie Sanders – he wasn’t a socialist, and he didn’t believe the American economy and poli...
DeSantis Urges Biden To Let Unvaccinated Djokovic Enter U.S. For Miami Open
Topline Gov. Ron DeSantis is the latest Florida politician to urge the Biden Administration to allow unvaccinated Serbian tennis star Novak Djokovic to enter the United States so he can play in the Mi...
Siemens Is Boosting U.S. Passenger Train Production With A $220 Million North Carolina Plant
A newly built Brightline passenger train awaits shipment from Siemens Mobility’s rail factory in Sacramento, California. Brightline, Siemens Mobility Siemens, which says it’s already the biggest...