Crypto pressure continues
By RY RIVARD and MARIE J. FRENCH
10/11/2022 10:00 AM EDT
CRYPTO PRESSURE STILL ON: Supporters of a temporary moratorium on cryptocurrency mining operations directly powered by fossil generators continue to push Gov. Kathy Hochul to sign the measure. Hochul has remained noncommittal about the issue and downplayed contributions to her campaign from the cryptocurrency industry, which has vociferously opposed the moratorium despite its limited scope. Proponents of the legislation sent another letter arguing Hochul must sign the bill to ensure success of the state’s climate law last week.
“Cryptocurrency mining’s energy consumption must be reviewed to see if the practice can align with New York’s climate law,” the letter states. It was signed by about 500 environmental and other organizations, businesses, faith-based and labor groups. Hochul does not have to act on the legislation until the end of the year, and has previously responded to questions about her...
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