What is the 30% excise taxes that President Joe Biden proposed for Bitcoin Miners? Cynthia Lummis, a senator from North Carolina, said that the 30% excise tax proposed by President Joe Biden for Bitcoin miners is not going to be implemented.

She was talking to Chamber of Digital Commerce CEO Perianne Boing at the Bitcoin conference, which took place in Miami. Boring was speaking about the potential tax that could affect not only Bitcoin Mining but also the national security of the country.

Lummis continued to say, “Miners can mine anywhere,” adding that this sector offers opportunities all around the world.

She added that the proliferation of Bitcoin mining in the US is not just a question of national security but also of energy security.

Lummis, who spoke at the conference, said that Wyoming’s mining, oil, and gas industries are large, and that the state also produces significant amounts of wind and solar energy. He told the audience that Bitcoin miners can make good use of Wyoming’s excess power.

She said that Bitcoin is a cleaner for the environment.

According to Wyoming senator however, it’s not been easy to convince legislators about the benefits Bitcoin mining.

Lummis added that state-level issues are also present. She cited Texas as an example of a state that has limited the ability for miners to earn energy credits.

The remarks were made in response to a report by the Biden administration at the beginning of May, which examined the effects of imposing an excise duty of 30% on cryptocurrency mining operations within the United States. The report concluded the tax was in the interest of American communities as well as the environment.

The so-called Bitcoin senator stated that the current Infrastructure Bill-which includes Digital Asset Mining Tax-defines broker in a way which includes miners. This would force miners to submit their tax data to IRS if approved. The senator said that the mining industry feels like there is a “complete disconnect” between them and U.S. legislators.

Lummis concluded the panel by urging bitcoiners, and others who attended the event, to join groups that promote the use of cryptocurrency in the U.S.