Bill banning crypto mining for 3 years dies in NY state assembly
Cointelegraph
Published Jun 11, 2021 03:15PM ET
Updated Jun 13, 2021 05:40PM ET
A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental impact of crypto has been defeated in the state legislature.
New York Senate Bill 6486 failed to pass the state assembly today after lawmakers in the Democrat-controlled state senate approved the legislation earlier this week. The bill was aimed at establishing “a moratorium on the operation of cryptocurrency mining centers” while experts considered the environmental impact of mining, particularly those backed by fossil fuels.
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Written By: Cointelegraph
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