Crypto Moratorium in NY Fails

What is happening? After pressure from crypto miners the nation’s first proposal to halt crypto mining is no more.

Why is this important? The legislation met its demise after the “crypto crash” in May.

How will this be important? The policy considerations were the short term economic benefit of crypto mining and the long term environmental impact of crypto mining.

Politico | Cryptocurrency mining moratorium stalls in New York State Senate