Ohio Rep. Warren Davidson has revealed that a tentative deal to prevent the US government from defaulting on its debts may bring relief to cryptocurrency miners by scrapping a proposed tax on their energy consumption.

This development could potentially remove a significant hurdle for Bitcoin miners and pave the way for continued growth and innovation in the industry.

Meanwhile, US lawmakers have introduced a preliminary draft of a bill that seeks to address the issue of the debt ceiling, which, if passed, would result in a two-year suspension of the debt ceiling.

The absence of specific tax increases targeting corporations and high-income individuals in the latest draft suggests a concession made to gain broader support for the legislation.