If this bill becomes law, New York will be forfeiting the unique opportunities Bitcoin mining provides for economic growth and the proliferation of renewable energy. This could set a precedent for states across the country to make the same mistake. Not only would this policy box New York out of the economic benefits of mining, but it won’t do anything to reduce emissions as miners will simply set up operations somewhere else.
Fortunately, the bill still needs to pass in the State Senate after the Assembly’s vote. That means you’ve got time to make your voice heard. If you’re from New York or live there now, use the one-click tool below to email your elected officials that you OPPOSE mining moratorium.