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NY State Assembly Bill A7389C

  • Report
  • Mar 18, 2022
  • #Cryptocurrency
www.nysenate.gov
See on www.nysenate.gov
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1 Mention
Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that such operations shall b... Show More

Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that such operations shall be subject to a full generic environmental impact statement review.

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Matt DesLauriers @mattdesl ยท Apr 27, 2022
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this is great, and very clear in what it targets (fossil fuel based Proof of Work facilities, mining @ home is fine). ๐Ÿ‘ I expect this trend will continue in other jurisdictions, putting more pressure toward the shift to non-PoW consensus mechanisms.
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