The New York Assembly's Ways and Means Committee has advanced a bill that would impose a 2-year moratorium on crypto mining to the full legislative body for a vote. cheyenneligon reports
Though Greenidge Generation’s existing operation wouldn't be affected by the bill because its permit application is already outstanding, it would be unable to expand its operations, and future mining operations hoping to replicate the Greenidge model wouldn't be allowed to do so.
An earlier version of the bill, which died in the state Assembly last year after facing resistance from the electrical workers’ union, originally called for a three-year moratorium on all crypto mining in the state.
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