The New York State government has passed a bill banning all Proof-of-Work (PoW)-powered cryptocurrency mining facilities using carbon-based fuels for two years.
New York State government on April 26 Banning cryptocurrency mining facilities operating with a Proof-of-Work (PoW) mechanism for two years bill Confirmed. The bill, supported by New York State Assemblyman Anna Kelles, would not only not allow any new bitcoin mining companies, but would also prevent re-licensing of facilities that are currently operating.
by law It was approved by 52 votes to 95. and will go to Senator Kevin Parker to be voted on in the Senate. If the bill passes the Senate, it will be handed over to Governor Kathy Hochul, who has the right to veto and enact.
The Blockchain Association allegedly sent thousands of messages from “pro-crypto and pro-tech” people in New York to oppose the regulator.