Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels.
New York Mayor and Bitcoin Supporter Eric Adams to Seek Balance With Environmental Goals
Cryptocurrency proponent and New York City Mayor Eric Adams has spoken in a supportive tone about the state’s two-year moratorium on certain crypto mining operations relying on carbon-based energy resources. The partial ban, which will prevent companies involved in proof-of-work (PoW) mining from expanding, renewing, or obtaining new permits, will be enforced with a law signed by Governor Kathy Hochul on Tuesday.
Quoted by the New York Daily News, Adams insisted he is still focused on establishing New York as a hub for crypto. At the same time, he emphasized that a balance can be found between this goal and the efforts to redu
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