PANews reported on May 30 that according to CryptoPotato, Ohio Congressman Warren Davidson confirmed that the Biden administration's federal budget proposal to impose a 30% tax on all U.S. Bitcoin miners has been canceled. He shared the text of the newly proposed debt ceiling agreement on Sunday. The main content of the agreement includes a complete suspension of the debt ceiling before January 1, 2025, while implementing a series of spending cuts, including restrictions on non-defense spending. Pierre Rochard, vice president of research at Bitcoin mining company Riot Platforms, pointed out that the agreement did not mention the government's previously proposed Digital Asset Mining Energy (DAME) tax. Davidson later confirmed that the proposal had been canceled.