Based on Ohio Rep. Warren Davidson, a tentative deal to stop the US authorities from defaulting on its money owed would seemingly remove a proposed tax on cryptocurrency miners’ power consumption.
On Might 28, U.S. lawmakers launched a draft invoice permitting the federal government to increase the debt ceiling — a restrict positioned on the quantity of debt the Treasury Division can tackle — following negotiations with President Joe Biden and Home Speaker Kevin McCarthy. The laws nonetheless must be accepted by Congress earlier than taking impact to keep away from obvious financial catastrophe for the US authorities.
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