New York Governor Seeks to Close Bitcoin Mining Firm.
28 Jul 2022, 08:00
New York Governor Seeks to Close Bitcoin Mining Firm
Kathy Hochul – the governor of New York – and her administration is moving to shut down a crypto mining operation in the Finger Lakes, claiming it is creating too much pollution.
New York Has Suddenly Become So Anti-CryptoIn a recent statement, DEC commissioner Basil Seggos explained:
We are applying a new law to a new operation which had significant increases in emissions, almost tripling emissions. The company itself was unable to demonstrate that it could come into compliance with the law… Any increase in emissions at this point makes it challenging for us to hit our targets which are very ambitious. As a slice of total emissions, this is but one operation, but we are looking economywide… and we need to begin putting in place these strategies to reduce emissions as quickly as possible.