{"id":514416,"date":"2022-11-23T04:09:13","date_gmt":"2022-11-23T01:09:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/kathy-hochul-signs-crypto-moratorium-bill-despite-veto-push-by-eric-adams\/"},"modified":"2022-11-23T04:09:13","modified_gmt":"2022-11-23T01:09:13","slug":"kathy-hochul-signs-crypto-moratorium-bill-despite-veto-push-by-eric-adams","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/kathy-hochul-signs-crypto-moratorium-bill-despite-veto-push-by-eric-adams\/","title":{"rendered":"#Kathy Hochul signs crypto moratorium bill despite veto push by Eric Adams"},"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-6a3dd2cf80f41\" 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-6a3dd2cf80f41\" 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\/kathy-hochul-signs-crypto-moratorium-bill-despite-veto-push-by-eric-adams\/#%E2%80%9CKathy_Hochul_signs_crypto_moratorium_bill_despite_veto_push_by_Eric_Adams%E2%80%9D\" >&#8220;Kathy Hochul signs crypto moratorium bill despite veto push by Eric Adams&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CKathy_Hochul_signs_crypto_moratorium_bill_despite_veto_push_by_Eric_Adams%E2%80%9D\"><\/span>&#8220;Kathy Hochul signs crypto moratorium bill despite veto push by Eric Adams&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Gov. Kathy Hochul has signed into law a bill curbing cryptocurrency mining at old fossil fuel plants despite a high-profile push by Bitcoin-loving Mayor Eric Adams to get her to veto the legislation. <\/p>\n<p>Environmentalists had pushed for Hochul to impose a two-year moratorium on new permits for crypto mining at mothballed fossil fuel plants amid ongoing efforts to reduce state greenhouse gas emissions 85% by 2050 per a landmark 2019 climate law.<\/p>\n<p>\u201cI am signing this legislation into law to build on New York\u2019s nation-leading Climate Leadership and Community Protection Act, the most aggressive climate and clean energy law in the nation, while also continuing our steadfast efforts to support economic development and job creation in upstate New York,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/therealjsolo\/status\/1595201406549590021?s=20&amp;t=YHd9G_ADDZwvG960aI0wQA\">Hochul said in signing the bill into law<\/a>.\u00a0<\/p>\n<p>The move highlighted Hizzoner\u2019s limited sway with Hochul, who Adams endorsed for a full term ahead of the Nov. 8 election, five months after he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nyassembly.gov\/leg\/?default_fld=&amp;leg_video=&amp;bn=A07389&amp;term=&amp;Summary=Y&amp;Floor%26nbspVotes=Y&amp;Text=Y\">urged her to veto the bill<\/a> sponsored by Assemblywoman Anna Kelles (D-Ithaca) and state Sen. Kevin Parker (D-Flatbush). <\/p>\n<p>\u201cI\u2019m going to ask the governor to consider vetoing the bill that is going to get in the way of cryptocurrency upstate,\u201d\u00a0Adams told Crain\u2019s New York Business in June. \u201cWhen you look at the billions of dollars that are spent on cryptocurrency \u2014 New York is the leader. We can\u2019t continue to put barriers in place.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/kathy-hochul-13.jpg?w=1024\" alt=\"Gov. Kathy Hochul signed a bill creating a moratorium on cryptocurrency mining at old fossil fuel plants.\" class=\"wp-image-24757231\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/kathy-hochul-13.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/kathy-hochul-13.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/kathy-hochul-13.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Gov. Kathy Hochul signed a bill creating a moratorium on cryptocurrency mining at old fossil fuel plants.<\/figcaption><figcaption><span class=\"credit\">TIMOTHY A. CLARY\/AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>Opponents of the bill had argued that a moratorium would stifle a growing industry in upstate New York after decades of economic stagnation \u2013 an argument undermined in recent months by declining cryptocurrency values and the implosion of the FTX crypto exchange. <\/p>\n<p>Cryptocurrencies use <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> called a blockchain to record transactions that require lots of energy to process, with computers  that crunch the numbers getting paid in small amounts of virtual coins through the so-called mining process.  <\/p>\n<p>Adams, who could not be reached for im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te comment Tuesday, said Tuesday that he remains bullish about the future of cryptocurrencies despite recent setbacks. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/eric-adams-3.jpg?w=1024\" alt=\"Mayor Eric Adams urged Hochul to veto the bill, saying New York shouldn't &quot;put barriers in place&quot; for the cryptocurrency industry.\" class=\"wp-image-24757230\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/eric-adams-3.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/eric-adams-3.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/eric-adams-3.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Mayor Eric Adams urged Hochul to veto the bill, saying New York shouldn\u2019t \u201cput barriers in place\u201d for the cryptocurrency industry.<\/figcaption><figcaption><span class=\"credit\">Paul Martinka<\/span><\/figcaption><\/figure>\n<p>\u201cThese industries are not going to go away because they reach low points. This is an industry that we must embrace, and I\u2019m looking to further lean into blockchain and other technologies,\u201d he told reporters.<\/p>\n<p><em>Additional reporting by Bernadette Hogan.<\/em><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/22\/kathy-hochul-signs-crypto-moratorium-bill-despite-veto-push-by-eric-adams\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Kathy Hochul signs crypto moratorium bill despite veto push by Eric Adams&#8221; Gov. Kathy Hochul has signed into law a bill curbing cryptocurrency mining at old fossil fuel plants despite a high-profile push by Bitcoin-loving Mayor Eric Adams to get her to veto the legislation. Environmentalists had pushed for Hochul to impose a two-year moratorium&#8230;<\/p>\n","protected":false},"author":1,"featured_media":514417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/newspress-collage-24756450-1669164603378.jpg?quality=75&strip=all&1669146652&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[136003,76127,66147,98806,71972,72693],"class_list":["post-514416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-22-22","tag-cryptocurrency","tag-eric-adams","tag-kathy-hochul","tag-new-york-state-assembly","tag-new-york-state-senate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514416","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=514416"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/514417"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=514416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=514416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=514416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}