ICYMI: What is next for New York’s crypto mining moratorium bill?
on a controversial bill that would place a two-year moratorium on certain types of crypto mining operations that use electricity generated by"carbon-based fuel."
It's still possible for the bill to make it to the floor if the Democratic majority leadership decides to move it. The bill has not been debated in committee or by the Senate majority, according to Kaminsky, so its future is largely unknown. Other Assembly members were concerned that it would send the wrong signal to the financial services sector in New York and drive miners away from the state. An earlier version of the bill, which called for a three-year moratorium on a broader scope of mining facilities, died in the Assembly in June of last year.
Kaminsky argued that while there are “bad actors” in the industry, that only represents a “very small” amount of the state’s energy usage.
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