New York Governor Hochul Urged to Sign Two-Year Crypto Mining Ban
- Activists, officials rally at governor’s Manhattan office
- New York state has become a global crypto mining hub
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Environmental activists and public officials rallied in front of New York Governor Kathy Hochul’s Manhattan office Tuesday, calling for her to sign a bill that would institute a two-year state ban on some cryptocurrency mining facilities.
The bill, approved by the state Senate in June, would trigger a two-year moratorium on new permits for crypto plants that are powered by planet-warming fossil fuels and use so-called proof-of-work authentication methods. If Hochul signs the measure, it would become one of the most restrictive laws in the US regulating the practice.