New York Governor Hochul signs moratorium on proofofwork mining

New York Governor Kathy Hochul has signed a bill cracking down on crypto mining in the state. The New York Senate already approved the bill in June, but Hochul had until now held off from signing it in the face of fierce industry lobbying, according to Bloomberg. New York Governor Kathy Hochul has signed a bill cracking down on crypto mining in the state. An earlier version of crypto mining bill, which called for a three-year moratorium on a broader scope of mining facilities, died in the Assembly in June of last year. Opponents of the current iteration of the moratorium, such as Republican Assemblyman Robert Smullen, had described it as “anti-tech.”