The fate of crypto mining is back on the table in New York
by Justine Calma from The Verge - All Posts on (#65N41)
New York Gov. Kathy Hochul celebrates her win during an election night party during on November 8th, 2022, in New York City. | Photo by Alex Kent / Getty Images Time is running out for newly elected New York Governor Kathy Hochul to sign a statewide moratorium on particularly polluting methods of cryptocurrency mining. Hochul managed to sidestep the controversial bill while on the campaign trail. Now, her decision to sign or veto the bill could determine whether crypto miners flee the state or stay and potentially derail its climate goals.
State legislators passed a bill in June that establishes a two-year moratorium on new permits for fossil fuel power plants seeking to mine energy-hungry cryptocurrencies. The bill also requires the state to complete an environmental impact study on crypto mining in the state. Hochul has until the end of the calendar year to sign the bill into law. Missing that...