EXCLUSIVE: "It Is So Modest"—Inside New York's Bitcoin Mining Moratorium

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"It Is So Modest"—Inside New York's Bitcoin Mining Moratorium

On the evening of April 26, the New York State Assembly passed a bill by a 95-52 vote that would place a two-year moratorium on “proof-of-work” cryptocurrency mining using fossil fuels. Assuming the bill passes in the Democratic-controlled State Senate and is approved by Democratic Governor Kathy Hochul, it will be the furthest-reaching such law passed anywhere in the world. The bill’s main sponsor was Dr. Anna Kelles, whose Finger Lakes district includes the Ithaca metropolitan area. FIN recently interviewed Kelles exclusively; below is an edited transcript of that conversation.