Items tagged with president biden
As the user base for cryptocurrency grows, so too do politicians and regulators looking to stymie the situation due to taxation and illicit activity concerns. Now, President Biden has backed a plan to tax proof-of-stake cryptocurrencies such as Ethereum via an amendment to a major bill advancing in the U.S. Senate. The amendment that would change taxing for decentralized finance (DeFi) owners was brought up by Senators Rob Portman (R-OH) and Mark Warner (D-VA) in a cross-aisle move. The change would provide tax reporting exemptions to validators and developers attached to proof-of-work (PoW) networks like Bitcoin, leaving proof-of-stake (PoS) and other types of networks in the cold. Senators...
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President Biden sees electric cars as the future of transportation here in the United States. As such, the White House is pushing forward with an executive order that targets half of all vehicles sold in the United States to have some form of zero-emissions powertrain by 2030. According to the administration, zero-emissions refers to battery-electric, plug-in hybrid electric, or fuel cell vehicles. “The Executive Order also kicks off development of long-term fuel efficiency and emissions standards to save consumers money, cut pollution, boost public health, advance environmental justice, and tackle the climate crisis,” said the White House in a statement. The hybridization of America’s...
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Since the launch of new CPUs, GPUs, and consoles late last year, chip supply has certainly struggled to keep up with demand. This supply issue is due in part to an ongoing semiconductor shortage which is not showing signs of stopping any time soon. To look for solutions, President Joe Biden is stepping in to review the semiconductor supply chain ecosystem and hopefully fund increased manufacturing capacity in the United States. The COVID-19 pandemic has ultimately wreaked havoc across many industries, leading to a trickle-down effect of shortages and delays in production. Subsequently, there has been pressure on the Biden administration, from both the GOP and other organizations, to take a look...
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