Proposed New York Bitcoin mining ban watered down to allow green projects
New York senators have amended a proposal to ban all crypto mining for three years, and are now seeking to only stop mining firms backed by carbon-based fuel sources. A proposed crypto mining ban calling for a forced three-year hiatus on all mining operations in New York has been watered down — and will now allow green projects. The bill passed in the senate on June 8, and has now been referred to the state assembly. If the bill is passed in the assembly, it will be delivered to Governor Andrew Cuomo to either approve or veto the proposed legislation. The initial New York Senate Bill 6486A....
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Bitcoiners and politicians come together in Albany, New York to speak out against a proposed ban on proof-of-work mining and to keep industry jobs in the state.
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The bill to suspend crypto mining for 3 years is gaining steam in New York State, while the state’s environmental agency determines how much mining impacts the environment. A New York State proposal to suspend fossil fuel-powered proof-of-work mining for three years across the state has gained support from two more Assembly members.Members Amy Paulin and Ken Zebrowski have thrown their names in along with 43 other cosponsors for bill A7389B. In addition to the three-year suspension of mining at former fossil fuel power plants, the bill would require the New York State Department of....
The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul.
New York PoW Mining Moratorium Legislation to Be Delivered to Governor Kathy Hochul’s Desk, Crypto Advocates Say the Bill Is a ‘Significant Setback for the State’
New York-based lawmakers have submitted a bill that aims to ban PoW mining operations that leverage....