Rallying Against New York Bitcoin Mining Moratorium

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“This (Bitcoin) isn’t going to stop. Crypto mining may move somewhere where there is little or no concern for the environment.” –Ken Pokalsky, Vice-President of The Business Council of New York State

Pokalsky’s words echoed the sentiments of the half dozen speakers assembled at the New York State Capitol in Albany on May 2, 2022. Gathered on the Capitol’s famed “Million Dollar Staircase” were state legislators, Bitcoin industry leaders and advocates for technology jobs. The occasion was to urge Governor Kathy Hochul and the State Senate to oppose a two-year moratorium on proof-of-work mining. The bill has already passed the State Assembly.

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