New York isn’t ready for bitcoin mining, says state lawmaker proposing a three-year moratorium

Quick Take

  • A recent bill to temporarily halt crypto mining centers operating in New York has drawn the ire of the industry. 
  • The bill’s author sat down with The Block to explain her side of the argument. 
  • Critics of the new mining centers point to their use of outdated power plants and creative corporate structuring, as well as a 2019 law that mandates New York to undertake a significant reduction in emissions and energy use in coming decades. 

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