The bill, passed with 95 in favor and 52 against, is sent to the Senate. If approved, it will be delivered to the governor who can either veto it or sign it into the state law.
New York State’s lower chamber passed a bill on Tuesday, imposing a two-year moratorium on crypto mining facilities that use carbon-based fuel to validate proof-of-work blockchain transactions. The legislation aims to address environmental issues derived from PoW’s massive energy consumption.A7389C, sponsored by Democratic Assemblymember Anna Kelles, was passed to regulate further PoW miners that use carbon-based energy to mine cryptocurrencies.
The bill also tasks the Department of Environmental Conservation with conducting a comprehensive review of all the crypto mining sites in the state, ensuring that they meet the environmental requirements set by the state. The moratorium that only targets “electric generating facilities” – like power plants – requiring a DEC permit does not impact individuals mining cryptocurrencies like bitcoin. An earlier version of the bill, which called for a three-year moratorium on a broader scope of mining facilities, did not get passed by the Assembly in June 2021.that the moratorium is not a crypto ban nor a restriction on crypto mining.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
New York Assembly passes two-year crypto mining moratorium billThe bill aims to impose a two-year moratorium, specifically preventing new permits from being issued to carbon-based fueled proof-of-work mining operations that use behind-the-meter energy.
Leer más »
New York State Assembly passes ban on new BTC mines that don’t use green powerIf you want to mine in New York, it’s time to go green. The State Assembly passed a bill that would place a two-year ban on all new PoW crypto mining facilities that use a carbon-based fuel to power their operations.
Leer más »
New York State Assembly Passes Bill Blocking New Cryto Mines That Use Non-Renewable PowerThe New York Assembly passed a bill to block new crypto miners using non-renewable energy sources from setting up shop in the Empire state. Existing facilities aren’t affected, nor are any that tap renewable resources. nikhileshde reports.
Leer más »
Jail reform bill prompted by conditions in San Diego passes Assembly committeeLegislation would address treatment of inmates, especially those suffering from a mental illness
Leer más »
Oklahoma governor signs ban on nonbinary birth certificatesRepublicans in conservative states across the country have introduced several bills this year targeting transgender and nonbinary people.
Leer más »
The Energy Department will block sales of inefficient light bulbs | EngadgetNew efficiency standards may help reduce carbon emissions by 222 million metric tons..
Leer más »