New York Governor Kathy Hochul has spoken out about the bill that bans proof-of-work (PoW) cryptocurrency mining operations within the state.
of Reuters June 6 According to the news dated Governor Kathy Hochul from the State Legislature April last week and last week New York Senate approved by Bill to ban PoW cryptocurrency mining operationson whether or not to sign Haven’t made a decision yet told.
by the governorship Monday in a statement on the day hochul made the following statements:
There is a balancing act here, more of a balancing act. We must balance protection of the environment, while also protecting business opportunities in areas that do not see much activity and ensuring that the energy consumed by these organizations is properly managed.
new York‘Fame 2050 statewide until reduce greenhouse gas emissions by 85% Cryptocurrency mining operations, according to the bill, which is seen as part of the An expanding industry in New York State is located and greatly reduces the amount of energy use in the state. will increase.
Governor Hochul if approved by designto a PoW mining venture that uses any carbon-based fuel to prevent cryptocurrency mining operations from increasing greenhouse gas emissions a two-year moratorium will bring.
New York Senate Passes Proof-of-Work (PoW) Bill Targeting Cryptocurrency Mining
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