Gov. Kathy Hochul has signed into law a bill curbing cryptocurrency mining at old fossil fuel plants despite a push by Mayor Eric Adams to get her to veto the legislation.
ask the governor to consider vetoing the bill
that is going to get in the way of cryptocurrency upstate,” Adams told Crain’s New York Business in June. “When you look at the billions of dollars that are spent on cryptocurrency — New York is the leader. We can’t continue to put barriers in place.” Gov. Kathy Hochul signed a bill creating a moratorium on cryptocurrency mining at old fossil fuel plants.
Adams, who could not be reached for immediate comment Tuesday, said Tuesday that he remains bullish about the future of cryptocurrencies despite recent setbacks. Mayor Eric Adams urged Hochul to veto the bill, saying New York shouldn’t “put barriers in place” for the cryptocurrency industry.“These industries are not going to go away because they reach low points. This is an industry that we must embrace, and I’m looking to further lean into blockchain and other technologies,” he told reporters.
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