New York is the first state to try a crypto mining moratorium, but it likely won't be the last.
. Kelles says there are about 30 other retired power plants in northern New York that could be targeted by crypto companies in the same way if a moratorium is not put in place.
“This is not an anti-tech piece of legislation because it doesn’t prevent the buying, selling, and trading of crypto at all.”New York’s proposed two-year moratorium specifically targets proof-of-work mining operations that are powered by fossil fuels, and also calls for an environmental review of the popular technology to see if it can align with the state’s climate goals.
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