{"id":459290,"date":"2022-06-08T04:33:49","date_gmt":"2022-06-08T01:33:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-york-governor-yet-to-commit-to-signing-bitcoin-mining-ban-into-law\/"},"modified":"2022-06-08T04:33:49","modified_gmt":"2022-06-08T01:33:49","slug":"new-york-governor-yet-to-commit-to-signing-bitcoin-mining-ban-into-law","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-york-governor-yet-to-commit-to-signing-bitcoin-mining-ban-into-law\/","title":{"rendered":"# New York Governor yet to commit to signing Bitcoin mining ban into law"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a367e6e43481\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a367e6e43481\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/new-york-governor-yet-to-commit-to-signing-bitcoin-mining-ban-into-law\/#%E2%80%9D_New_York_Governor_yet_to_commit_to_signing_Bitcoin_mining_ban_into_law_%E2%80%9C\" >&#8221; New York Governor yet to commit to signing Bitcoin mining ban into law  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_New_York_Governor_yet_to_commit_to_signing_Bitcoin_mining_ban_into_law_%E2%80%9C\"><\/span>&#8221; New York Governor yet to commit to signing Bitcoin mining ban into law  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvOGViYzg2ZWQtNDc0MS00Mjg4LTliODYtZjE4Njg1YWE0YzRmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking \u201cvery closely\u201d at the proposal over the next few months.<\/p>\n<p>If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no longer be able to set up shop or renew existing licenses in New York. Under the new regulations, only PoW operations backed by 100% renewable energy would be able to operate. <\/p>\n<p>The New York State Senate passed the bill on June 3 to the dismay of members in the crypto community, meaning the fate of the bill is now in the hands of Governor Hochul who has the power to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove or veto the legislation. <\/p>\n<p>At this stage, it appears that the Democrat has no intentions of rushing the decision and she may have bigger fish to fry with the upcoming primary election on June 28. <\/p>\n<p>During a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> conference on Tuesday, Hochul <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2022\/06\/07\/nyregion\/cryptomining-ban-ny.html\">opted<\/a> not to draw a line in the sand regarding the PoW ban, as she suggested the deliberation process could take a few months: <\/p>\n<blockquote><p>\u201cWe\u2019ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months.\u201d<\/p><\/blockquote>\n<p>Earlier today the Democratic candidates for New York governor including Hochul, Congressman Tom Suozzi and Public Advocate Jumaane Williams faced off in a debate ahead of the election. <\/p>\n<p>Reporters such as Times Union\u2019s Josh Solomon followed the event live and noted that Hochul suggested that her team hasn\u2019t had time to fully review the bill, but does support the idea of reducing the environmental impact of fossil fuel mining plants. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hochul now suggests her team hasn\u2019t had time to review the bill for crypto proof of work moratorium of new licenses and supports the concept of preventing fossil fuel plants from doing any harm to the environment. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/SDCHvNyzpb\">https:\/\/t.co\/SDCHvNyzpb<\/a><\/p>\n<p>\u2014 Josh Solomon (@therealjsolo) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/therealjsolo\/status\/1534321531274375168?ref_src=twsrc%5Etfw\">June 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Speaking on the bill late last month, Hochul also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2022\/05\/30\/nyregion\/gov-hochul-leads-rivals-donations.html\">stressed<\/a> the need to balance both environmental protection and job creation. <\/p>\n<blockquote><p>\u201cWe have to balance the protection of the environment, but also protect the opportunity for jobs that go to areas that don\u2019t see a lot of activity and make sure that the energy that\u2019s consumed by these entities is managed properly.\u201d <\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Environmental groups urge US government to take action on crypto miners<\/em><\/strong><\/p>\n<p>PoW mining has been a highly divisive subject in New York over the past couple of years, with environmental groups such as the Seneca Lake Guardian speaking out, protesting and lobbying against Bitcoin (BTC) mining firm Greenidge Generation LLC in upstate New York on several occasions. <\/p>\n<p>While a long list of organizations, businesses and labor groups also co-signed a letter in October calling on governor Hochul to deny permits for PoW mining firms. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-york-governor-yet-to-commit-to-signing-bitcoin-mining-ban-into-law\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; New York Governor yet to commit to signing Bitcoin mining ban into law &#8220; New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking \u201cvery closely\u201d at the proposal over the next few months. If she&#8230;<\/p>\n","protected":false},"author":1,"featured_media":459291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvOGViYzg2ZWQtNDc0MS00Mjg4LTliODYtZjE4Njg1YWE0YzRmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74989,74894,75042,75578,71511,3885,70934],"class_list":["post-459290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-mining","tag-blockchain","tag-mining","tag-proof-of-work","tag-government","tag-new-york","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/459290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=459290"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/459290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/459291"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=459290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=459290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=459290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}