NYS Assembly Passes Cryptocurrency Mining Moratorium Legislation

“In the Finger Lakes and across the state, outside speculators are invading our communities to destroy our natural resources, kneecap local businesses, and keep us from meeting the crucial climate goals outlined by the CLCPA, just to make a few people very, very rich. I applaud the Assembly for putting New Yorkers and the planet first, and taking steps to curb this dangerous industry,” Yvonne Taylor, vice president of Seneca Lake Guardian said in a statement issued Thursday evening. “In the absence of Governor Hochul’s leadership on this issue, the Senate must immediately take up and repass the moratorium bill, as they did last year by a substantial margin. This is an issue that matters to New Yorkers, evidenced by the 4,000 public comments sent to DEC about Greenidge Generation’s Title V Air permit renewal, 98.8% of which were opposed to the plant’s cryptomining operations. Repowering or expanding coal and gas plants to make fake money in the middle of a climate crisis is literally insane.”


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