The Biden administration has proposed a new tax intended to make cryptocurrency miners pay society back for the damage they cause. That's actually how the White House puts it, with the so-called DAME tax intended to encourage actually talking specifically about "the harms" such crypto companies can inflict on society as a whole.
"Currently, cryptomining firms do not have to pay for the full cost they impose on others, in the form of local environmental pollution, higher energy prices, and the impacts of increased greenhouse gas emissions on the climate," the White House says of the proposal.
