Law360 (June 11, 2021, 9:37 PM EDT) — A New York invoice to pause sure cryptocurrency mining operations pending environmental assessment has died within the Meeting after passing the state Senate earlier this week.
The invoice, quantity A. 7389 within the Meeting and S. 6486 within the Senate, did not go the Meeting in time for the shut of the legislative session. The invoice, which was launched within the Senate in early Might, would have positioned a moratorium on some cryptocurrency mining and required sure mining operations to bear an environmental affect examine.
Cryptocurrency mining refers to the usage of computing energy to confirm cryptocurrency transactions, which requires computer systems…
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