New York is Considering a 3-year Ban on Crypto Mining
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A new bill proposed by US Democratic Senator Kevin S. Parker, chairman of the Committee on Energy and Telecommunications, and co-sponsored by fellow Democrat senator Rachel May, the chair of the Committee on Aging and chair of Legislative Commission on Rural Resources, aims to ban crypto mining in the state of New York for at least 3 years.

While Bill 6486 has not yet received majority support from other senators, it is worth noting Democrats control both the lower house and the senate.

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The aim of the bill is to "establish a moratorium on the operation of cryptocurrency mining centers" in order to stop the environmental impact of this fossil fuel-based activity.

In addition, this also aims to introduce stricter regulations that would force mining centers to undergo an environmental impact review. Centers that do not pass such a review will be forced to stop their activity.

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