Will crypto miners be saved by the mayor of New York? – On April 26, a bill to impose a two-year moratorium on cryptocurrency mining, was presented to the New York State Assembly. This bill was passed in the State Assembly on June 3. It now awaits the signature of Governor Kathy Hochul to become law.
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New York Mayor Willing to Do Anything to Save Crypto Mining
The bill passed on June 3, 2022 in the New York State Assembly imposes a two-year moratorium (minimum). This moratorium concerns cryptocurrency mining activities that do not use 100% renewable energy. This delay would allow the state environmental agency to investigate the effects of crypto mining activities on the environment.
This story is far from pleasing the mayor of New York State. Eric Adams is indeed known to be a crypto ecosystem supporter. As soon as he took office, he even declared that he wanted receive your salary in cryptorather than in dollars.
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Seeing the bill come to fruition, Mayor Eric Adams reacted. He thus has declared that he intended to ask the Governor of the State of New York, Kathy Hochul to veto :
“I will be asking the governor to consider vetoing the bill that will impede cryptocurrency in upstate. »
His choice is clear: he therefore wants support crypto miners. In addition, he said that we should not “continue to put up barriers” for minors. They help to strengthen New York State’s economy with the billions of dollars spent on cryptocurrencies. Thus, he called for objectives to be achieved rather than the establishment of prohibitions. Last May, the new york crypto community had also mobilized to avoid the promulgation of this law.
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