Cynthia Lummis Slams Biden's 30% Bitcoin Mining Tax Proposal, Vice President Kamala Harris Snubs Bitcoin

　　The week was a whirlwind of cryptocurrency news, with big names like Elon Muskand Vice President Kamala Harrismaking headlines.

　　From Musk‘s profile picture causing a meme coin surge to Harris’ team seeking crypto advice from Mark Cuban, the crypto world was buzzing with activity. Heres a quick recap of the top stories.

　　Musks Meme Coin Magic

　　A simple change in profile picture by the TeslaCEO led to a massive surge in the value of Dark MagaDMAGA/USD, a politics-themed meme coin. The coin, featuring Donald Trumpwith laser eyes, saw a 4,300% increase in value within 24 hours of Musks profile picture change.

　　Read the full article here.

　　Harris Crypto Consultation

　　Vice President Harris‘ advisors have reportedly been in discussions with billionaire and crypto enthusiast, Mark Cuban. This suggests a potential shift in the Democratic Party's perspective on digital assets, especially as Harris’ presidential campaign is underway.

　　Read the full article here.

　　See Also: Is Dogecoin Really Moving ‘According To Plan？’ Prominent Analyst Claims: ‘I Haven’t Sold One Single DOGE, I‘ve Just Been Buying’

　　Lummis Bitcoin Battle

　　Senator Cynthia Lummis(R-Wyo.) criticized the Joe Bidenadministrations proposal to impose a 30% tax on BitcoinBTC/USD mining operations, calling it a “blatant attack” on innovation and American excellence. She outlined the potential adverse effects of such a tax in an “orange paper.”

　　Read the full article here.

　　Harris Bitcoin Conference Snub

　　Vice President Harris will not be attending the upcoming Bitcoin 2024 conference, according toDavid Bailey, CEO of BTC Inc.This decision has sparked controversy within the cryptocurrency community, highlighting the complex relationship between the current administration and the digital asset industry.

　　Read the full article here.

　　Schiffs Bitcoin Blast

　　Economist Peter Schiffcriticized Bitcoin investors' expectations from Trump, of the cryptocurrency being designated as a strategic reserve asset, likening it to political vote-buying tactics. He equated this to President Biden's promise to forgive student loans to win votes.