What "government" called [cryptocurrency?] a "ponzi scheme"? Can you give us the citation where this assertion came from?
And yes, the government taxes profits. This is nothing new.
Do you know how he wants to plug that loopholes? It's by making you report all trades and purchases and assign all your addresses to your ID, so that they can track you. In other words, they want to stop that few people who don't pay taxes by punishing the whole industry.
Again, where did you get this? For the purposes of collecting taxes, the IRS usually just wants to know how much money you made so you pay a tax on it. This is in no way being "against" said investment.
How am I getting a special privilege? Isn't bitcoin already taxed in the US? People are reporting their profits every year, yet it's still unfair in the eyes of the Biden Administration?
Yes, I'm confused too. Again, please show us where you are getting this information about a new program to tax crypto earnings.
Different kinds of customers have paid different rates for energy since they started selling it. That's nothing new.
That's because we don't need a tax on mining. There should be a tax on profit, which we already have, so that miners have to report their gains when they sell their newly mined bitcoin. The way they are attacking mining is they're trying to additionally tax miners on electricity because democrats don't like that this industry is growing fast and undermining the need for CBDC.
Shouldn't the rates be negotiated on the seller-buyer level, they way they've been for the last 10 years? Why do they need government in all that?
Well, state and federal governments have been taxing energy since we have energy bills. I guess you can debate whether they should do that or not--and in what form. But it's nothing new.
Because CBDC is government's answer to crypto. A centralized coin that can be made the way USD is and where every user is known to various government agencies.
Huh? That makes no sense. How does simply moving the current US dollar to a digital format change anything? We already effectively have digital transfer in the form of credit card payments. This clearly hasn't affected Bitcoin's rise to $1T+ in valuation. A CBDC wouldn't affect Bitcoin one way or another.
This did not happen thanks to Biden. This happened because the SEC lost in court.
Get your facts straight. Biden did not make the SEC approve ETFs!
Again, where are you getting this? The ETF was approved by the SEC under... president Biden. Of course you can say that the president doesn't directly affect these things very much and I'd agree with you, but such an assertion would contradict your central thesis that Trump would be better for Bitcoin investors.
True, but without market regulation, investors cannot feel safe in investing, which means they won't invest. It's a balance.