Everything is good for Bitcoin.
My 200 IQ take is:
30% tax on energy bought.
Miners have to get free or cheapest energy to stay profitable.
Miners focus hashpower at renewable energy sites or to help grid stability.
American mining becomes resilient and distributed.
This is bullish.
Realistically they just flee the US and start mining on far more dirty energy sources 😕
I had thought I saw some language being shopped around that mentioned taxing miners even if they are producing their own energy (i.e. not buying it from grid operators) 🤔 Perhaps I misunderstood tho
Well... Nobody reads these laws any way 😂