Climate Change Targets Bitcoin Mining: NY Lawmaker Proposes 3-Year Moratorium...
U.S. bureaucrats, particularly Democrats, are concerned about climate change and have introduced lots of legislation in order to address these concerns. Now a lawmaker from New York wants to establish a moratorium for bitcoin mining facilities located in the state, which means cryptocurrency miners in New York would have to halt operations. Senator Kevin Parker (D) believes bitcoin mining has a negative environmental impact and businesses would have to pass state greenhouse gas emission targets in order to continue. New York Lawmaker Proposes a 3-Year Halt on Crypto Mining Operations....
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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....
A bill seeking to “pause” crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3. Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman of Committee on Energy and Telecommunications, and co-sponsored by fellow Democrat senator Rachel May, the Chair of Committee on Aging, Chair of Legislative Commission on Rural Resources. The bill is yet to receive....
New York’s Senate just voted to place a two-year moratorium on the bitcoin mining industry preventing new applications and renewals for carbon-based mining.
Congressman Steve Stockman. US Representative, Steve Stockman (R-TX) has submitted a new bill that proposes a five-year moratorium on digital currency regulation. The HR 5777 bill, (download the text here) or in full the Cryptocurrency Protocol Protection and Moratorium Act, seeks to hold off any "statutory restrictions or regulations" on digital currencies such as bitcoin for "the five-year period after June 15th, 2015." The bill was tabled on December 1st and was thereafter referred to two House committees, the Ways and Means; and the Financial Services committees. HR 5777 calls for....
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends the Biden administration should encourage more research about mining’s electricity consumption and codify public policy for the entire mining industry.
Office of Science and Technology Policy Report Claims Something Needs to Be Done to Stop Crypto Mining Pollution
According to the....