Monday, April 15, 2024

US Senator Proposes Ban Cryptocurrency Mining – Draft Bill Prepared


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:

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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