New York Gov. Kathy Hochul has yet to publicly commit to signing a controversial bill to ban Proof-of-Work (PoW) cryptocurrency mining, instead noting that her team will be looking at the proposal “very carefully” over the next few months.

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If she signs the bill, fossil fuel-backed PoW cryptocurrency mining operations will no longer be able to open stores or renew existing licenses in New York. According to the new rules, only PoW operations, 100% renewable energy sources, will be able to work.

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The New York State Senate passed the bill on June 3 to the dismay of members of the crypto community, meaning the bill’s fate is now in the hands of Gov. Hole, who has the power to approve or veto the bill.

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At this stage, it looks like the Democrat isn’t going to rush into a decision, and she could have big things to do with the upcoming June 28 primary.

During a press conference on Tuesday, Hochul chose not to draw a line in the sand on a PoW ban, as she suggested that the discussion process could take several months:

“We will study all bills very carefully. We have a lot of work to do over the next six months.”

Earlier today, Democratic nominees for New York Governor, including Hochul, Congressman Tom Suozzi and public attorney Juman Williams, met in pre-election debates.

Reporters such as Josh Solomon of the Times Union followed the event live and noted that Hochul suggested that her team did not have time to fully consider the bill, but supported the idea of ​​reducing the environmental impact of fossil fuel plants.

Speaking about the bill late last month, Hochul also emphasized the need for a balance between protecting the environment and creating jobs.

“We have to balance protecting the environment, but also protecting job opportunities that go to areas where there is not a lot of activity, and making sure the energy consumed by those facilities is managed properly.”

Environmental groups urge US government to take action on crypto miners

PoW mining has been the subject of major controversy in New York over the last couple of years, with environmental groups like the Seneca Lake Guardian speaking out, protesting, and lobbying against Bitcoin (BTC) mining company Greenidge Generation LLC in upstate New York several times. once. .

While a long list of organizations, businesses and working groups also signed a letter in October urging Governor Hohul to deny permits to PoW mining companies.