NY Bill Would Halt Crypto Mining For Environmental Review

Law360 (May 4, 2021, 5:34 PM EDT) — Cryptocurrency mining operations in New York could be topic to a three-year pause and required to endure an environmental overview below a invoice launched Monday within the state Senate.

S. 6486 would impose a three-year moratorium on cryptocurrency mining within the state and require mining facilities to endure a full environmental affect overview inspecting the results of mining on greenhouse gasoline emissions, water high quality, air high quality and wildlife.

Any mining facilities discovered to “adversely have an effect on the state greenhouse gasoline emission targets” set by a 2019 state local weather regulation wouldn’t be allowed to start development and wouldn’t be eligible for…

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