President Joe Biden announced a plan to impose a 30% tax on the cost of electricity used to mine cryptocurrency in his 2024 budget proposal, which some see as a signal that operations in the U.S. may become fatally cost prohibitive.

Ukrainian police and the FBI seized nine cryptocurrency exchange sites associated with money laundering. So reports Bleeping Computer.

The U.S. continued its digital cold war against international actors allegedly using cryptocurrency to mask illicit activities. To that end, the U.S. Department of Justice (DOJ) indicted Sim Hyon Sop, a North Korean Foreign Trade Bank representative, on multiple charges he used cryptocurrency to launder money to assist the Democratic People’s Republic of Korea to skirt sanctions.

House Republicans on the Financial Services Committee have taken an overtly critical stance of the Securities and Exchange Commission’s (SEC) digital asset enforcement, and its members made sure Chair Gary Gensler was aware of that during a recent congressional hearing regarding the matter.