Digital Policy Alert logo

United States of America: Bill establishing cryptocurrency mining moratorium (S 6486D)

Progress

Current status
rejected
04 Jun 2022 rejected
02 Jun 2022 under deliberation
03 May 2022 under deliberation

Scope

Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
subnational

Timeline of events

04 Jun 2022
rejected

Rejected New York Bill on cryptocurrency mining moratorium (S6486D)

On 4 June 2022, Senate Bill S6486D establishing a cryptocurrency mining moratorium was rejected after failing to pass before the legislature session adjourned. The Bill addressed environmental concerns in relation to crypto mining operations that va…

Source
Event type law
Action type rejection
Government branch legislature
Government body parliament
02 Jun 2022
under deliberation

Passed New York Bill on cryptocurrency mining moratorium

On 2 June 2022, Senate Bill S6486D establishing a cryptocurrency mining moratorium passed the Senate. The Bill aims to address environmental concerns in relation to crypto mining operations that validate blockchain transactions through proof-of-work…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
03 May 2022
under deliberation

Introduced New York Bill on cryptocurrency mining moratorium

On 3 May 2022, Senate Bill S6486D establishing a cryptocurrency mining moratorium was introduced. The Bill aims to address environmental concerns in relation to crypto mining operations that validate blockchain transactions through proof-of-work au…

Source
Event type law
Action type introduction
Government branch legislature
Government body parliament