Bitcoin (CRYPTO: BTC) mining that utilizes fossil fuels may not see much growth in the state of New York over the next few years, considering that the state assembly passed a bill to block new crypto mining facilities using non-renewable energy sources.
What Happened: New York Assembly bill A7389C, sponsored by Democrat Anna Kelles imposes a two-year moratorium on new crypto mining operations that use carbon-based energy sources. At the same time, a corresponding bill is making its way through the state Senate and an assembly committee had already voted on Monday to advance it to a full vote of the legislative body.
