New York Governor Kathy Hochul has <a href="https://twitter.com/annakelles/status/1595214167073607680" target="_blank" rel="nofollow noopener">approved</a> legislation that places a moratorium on PoW mining in the state. The legislation places a two-year suspension on the issuance of new licenses for <a href="https://www.cryptoknowmics.com/news/eth-climate-platform-launches-to-address-networks-pow-emissions">proof-of-work</a> mining enterprises that depend on carbon-based energy to operate.

https://twitter.com/annakelles/status/1595214167073607680
<h2>Hochul Signs Moratorium On PoW Mining</h2>
According to the reports, the law was already adopted by the New York Senate in June. However, Kathy is yet to sign it because of ferocious business lobbying. In a statement on Nov. 22, Hochul said she would ensure that New York remains the epicenter of financialization while simultaneously taking significant efforts to prioritize the preservation of the environment.
<h2>Rejection of Proposal of Crypto Mining</h2>
In June last year, the Assembly rejected an earlier draft of the cryptocurrency mining law that demanded a three-year prohibition on a wider range of mining facilities. Republican Assemblyman Robert Smullen, one of the moratorium's supporters, called the present version "anti-tech."

New York Governor Hochul Signs Moratorium on PoW Mining

New York Governor Kathy Hochul has approved legislation that places a moratorium and a two-year suspension on the issuance of new licenses on PoW mining.

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New York Governor Hochul Signs Moratorium on PoW Mining

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