New York was the crypto media hot spot last week in many different ways. New York State’s local Assembly supported the bill. Two-year banAll new mining operations which rely on consensus proof-ofwork (PoW), and that use fossil fuel-generated power.

A temporary moratorium, which could be extended after the state’s Department of Environmental Conservation provides its assessments of the industry’s carbon footprint, marks the first major legislative attack on PoW mining on environmental grounds in the United States. The push mobilized the community — after digital asset advocacy groups The alarm rang on Twitter (NYSE :. To narrowly pass their draft, the proponents had to go through three hours of heated discussion. There’s hope for an even tighter fight in the NY State Senate.