New York Legislature Approves Bill to Limit Cryptocurrency Mining
ALBANY, N.Y. — New York could become the first state in the nation to curtail cryptocurrency mining after state lawmakers approved a two-year moratorium early Friday.
The measure—which attracted intense lobbying from both environmental and cryptocurrency groups—now heads to Gov. Kathy Hochul’s desk. The Democratic governor hasn’t said if she would sign the bill, and said last month that she wanted to balance protecting the environment and new job opportunities.
ALBANY, N.Y. — New York could become the first state in the nation to curtail cryptocurrency mining after state lawmakers approved a two-year moratorium early Friday.
The measure—which attracted intense lobbying from both environmental and cryptocurrency groups—now heads to Gov. Kathy Hochul’s desk. The Democratic governor hasn’t said if she would sign the bill, and said last month that she wanted to balance protecting the environment and new job opportunities.
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