White House's Push For 30% Crypto Mining Energy Tax May Backfire: Expert

  • Bias Rating

    10% Center

  • Reliability

    65% ReliableFair

  • Policy Leaning

    10% Center

  • Politician Portrayal

    36% Negative

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

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Bias Meter

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Bias Meter

Contributing sentiments towards policy:

50% : "Other dominant jurisdictions for BTC mining are China, Russia, Kazakhstan, Iran, Venezuela, Malaysia, Canada," Carter said, noting, "Every single one (w/ possible exception of Canada) has a higher carbon intensity for their generation than the mining-related generation in the U.S."In March, when the U.S. Department of the Treasury released the supplementary budget explainer paper, it underlined that "any firm using computing resources, whether owned by the firm or leased from others to mine digital assets would be subject to an excise tax equal to 30% of the costs of electricity used in digital asset mining.
43% : ""Tax could lead to a decline in mining activities and reduce the network's security and transaction processing speeds, potentially leading to lower demand and lower prices for cryptocurrencies," Agarwal added.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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