New York Lawmakers Propose Bill to Regulate Cryptocurrency Mining

According to Foresight News, a new bill has been introduced by Democratic lawmakers in New York State aiming to restrict Proof-of-Work (PoW) mining activities. This proposal seeks to supplement existing regulations, enhancing oversight of cryptocurrency mining operations. The initiative reflects ongoing efforts to address environmental and regulatory concerns associated with PoW mining, which is known for its high energy consumption. The proposed legislation underscores the state's commitment to balancing technological advancement with environmental sustainability source: https://www.binance.com/en/square/post/31265084006225?utm_source=BinanceNewsRSS