All quiet on New York’s Bitcoin mining ban heading into governor’s election

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All quiet on New York’s Bitcoin mining ban heading into governor’s election
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Climate experts fear that if New York's cryptocurrency mining moratorium is not signed by the Gov. Kathy Hochul soon, heavily polluting power plants that were once shuttered will go back online to produce digital money like Bitcoin.

Cryptocurrency industry proponents are convinced that this legislation will lead current and future business prospects to look elsewhere. They decry the bill as biased against the virtual currency sector, pointing out that no other U.S. state is considering such a ban, including California, which has the tightest emissions laws in the nation.

Rep. Lee Zeldin, Hochul’s Republican challenger in the governor’s race, picked up this theme in their recent debate, describing the moratorium as anti-business.

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