[jaimehrubiks]

You cannot tax the biggest innovation and edge technological topic right now which is AI, where every big discovery matters and can put the whole country on top of the global economy, much like what happens with the semiconductor industry. If anything, the government would cut down taxes to boost innovation.

Government wants to tax crypto because they don't like crypto, because it consumes too much electricity for what it has proven to provide to the users and the economy, at least for now.

[bratgpttamer]

I don't think that's the main reason they don't like crypto.

[cplusplusfellow]

I dislike crypto but proof of stake completely eliminates this argument. I also realize we can’t expect politicians to be making laws that are relevant on a 10 year timeframe so I understand their actions.