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A 7389 - Establishes Restrictions on Cryptocurrency Industry - New York Key Vote

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Title: Establishes Restrictions on Cryptocurrency Industry

Vote Smart's Synopsis:

Vote to pass a bill that establishes restrictions on the cryptocurrency industry

Highlights:

 

  • Prohibits the department of public service from renewing old permits or approving new applications for permits for cryptocurrency mining operations that utilize carbon-based fuel and proof-of-work authentication methods to validate blockchain transactions for a 2 year period beginning after the effective date of this act (Sec. 2).

Full Bill Text

See How Your Politicians Voted

Title: Establishes Restrictions on Cryptocurrency Industry

Vote Smart's Synopsis:

Vote to amend and pass a bill that establishes restrictions on the cryptocurrency industry

Highlights:

 

  • Prohibits the department of public service from renewing old permits or approving new applications for permits for cryptocurrency mining operations that utilize carbon-based fuel and proof-of-work authentication methods to validate blockchain transactions for a 2 year period beginning after the effective date of this act (Sec. 2).

Full Bill Text

Title: Establishes Restrictions on Cryptocurrency Industry

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