A new bill aimed at cryptocurrency is making its way through the New York senate, and it’s one that will undoubtedly ruffle a lot of feathers. Bill…
Forward-looking: As the value of various cryptocurrencies rise, so does the scrutiny surrounding the massive energy footprint associated with mining. New York has emerged as the first state looking to assess the impact that cryptomining has on the environment, and what implications or threats it may have for local and global energy policy. A new bill aimed at cryptocurrency is making its way through the New York senate, and it’s one that will undoubtedly ruffle a lot of feathers. Bill S6486 is seeking to establish a three-year moratorium, or pause, on cryptocurrency mining within the state of New York. Also read: What Is Cryptomining? In the current text, the bill calls for “an act to establish a moratorium on the operation of cryptocurrency mining centers; and providing for the repeal of such provisions upon expiration thereof.
