Friday, July 24, 2026

US Senator Proposes Ban Cryptocurrency Mining – Draft Bill Prepared

Date:

Member of the New York State Senate Kevin parker presented a bill that proposes to introduce a moratorium on the extraction of cryptocurrencies using electricity generated by the burning of fossil fuels in the state for a period of three years.

Senator Says Crypto Mining Should Be Banned to reduce the negative impact on the environment… Is informed by RBC-Crypto with reference to the invoice.

The document was publicly endorsed by the President of the Rural Resources Legislative Commission. Rachel May… “A cryptocurrency transaction uses the same amount of energy that an average American household uses in a month,” the document says.

In addition, the bill introduces a series of rules that mining farms must comply with. Only those facilities that comply with the Climate Leadership and Community Protection Act will receive work permits.

Let’s remember, for a day traders lost $ 530 million in transactions with Ethereum… This happened in the context of the growth of prices to a new historical maximum of $ 3.45 thousand. Crypto exchanges closed the margin positions of traders who were betting on a decline in the altcoin rate.

As previously written OBOZREVATEL:

Toni Morrison
Toni Morrison
Toni Morrison was a celebrated American author whose novels earned worldwide recognition for their depth, artistry, and cultural significance. Her influential works continue to inspire readers and writers across generations.

Share post:

Popular

More like this
Related

Helix: Descent N Ascent Launches on PC and Nintendo Switch With Atmospheric Puzzle Adventure

Belgian Indie Studio Releases Hand-Drawn Exploration Game Featuring Music...

Project P.I.T.T. Launches on Steam August 19 After Earning More Than 10 Million YouTube Views

Physics-Based Automation Sandbox Heads to PC Following Strong Community...

H2 Interactive to Launch IGS Classic Arcade Collection on PC via Steam on August 13, 2026

Classic IGS Arcade Games Return to PC With Online...