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New York's Latest Anti-Crypto Action

The Breakdown

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New York State Carbon Base Power Bill

The bill needs to be signed by the new york governor before it is enacted. Existing firms and ones that are currently undergoing the permanent renewal process will be allowed to continue operations. The bill prevents one new generation and two increases in mining and existing facilities. It's a two year moratorium on increases in proof of work mining behind the meter, powered by fossil fuel generation.

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