Time Range For Action Alert:
May 7, 2022 to June 30, 2022The NYS Assembly has just passed legislation imposing a two-year moratorium, pending the performance of an environmental impact statement, on issuing permits to new firms, or renewing permits to existing firms intending to increase electric energy consumption, that use proof-of-work methods (involving a carbon-based energy source) to validate blockchain transactions.
The NYS League supports A7389C and its companion S6486D, and we need your voice to get it passed in the Senate!
Contrary to the misinformation being spread by the cryptocurrency lobbyists, this bill does not affect existing firms whose permit renewals seek no further expansion of carbon-based energy consumption.
New York cannot afford a carbon-based energy sink into this use until environmental impacts are fully evaluated. Contact your NYS Senator today to support the passage of S6486D.
