
New York Introduces Anti-Bitcoin Mining Bill
A New York State Senator just introduced a bill to impose new taxes on Bitcoin mining firms. If passed, it would levy progressive taxes, putting the highest obligations upon the largest businesses. The bill focuses on two issues: broader climate goals and consumer electricity prices. Taxes collected from miners would go to subsidize ordinary citizens’ utility bills. New York’s Bitcoin Mining Bill Although NYC’s crypto enthusiasts are cautiously optimistic about Zohran Mamdani’s approach to the industry, the state legislature is a completely different animal. It has enacted hostile laws before, and may do so again. Today, policy watchdogs discovered a…
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