NYC Mayor: ‘Give us deadlines to reduce emission in crypto mining, not ban’

NYC Mayor: ‘Give us deadlines to reduce emission in crypto mining, not ban’
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
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  • tetherTether (USDT) $ 1.00 0.18%
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  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
  • bitcoinBitcoin (BTC) $ 20,072.00 1.09%
  • ethereumEthereum (ETH) $ 1,094.70 4.72%
  • tetherTether (USDT) $ 1.00 0.18%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • bnbBNB (BNB) $ 219.37 2.2%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.326674 2.76%
  • cardanoCardano (ADA) $ 0.465022 1.58%
  • solanaSolana (SOL) $ 32.94 7.21%
  • dogecoinDogecoin (DOGE) $ 0.068702 2.85%
PEOPLE

NYC Mayor: ‘Give us deadlines to reduce emission in crypto mining, not ban’

NYC Mayor Eric Adams supports New York-based crypto miners against banning Proof-of-Work crypto mining.

06/14/2022

NYC Mayor: ‘Give us deadlines to reduce emission in crypto mining, not ban’

Mayor of New York City Eric Adams made a statement in opposition to the bill recently passed by the legislators of New York State imposing a two-year moratorium on the issuance and renewal of new fossil fuel-powered Proof-of-Work crypto mining.

Adams remains vocal as a Bitcoin-friendly mayor. He announced last January his decision to receive the conversion of his first paycheck into bitcoin and ether. 

NYC Mayor Eric Adams takes sides in crypto mining

On Monday, Adams told Crain his plan “to request Governor Kathy Hochui veto the bill.” Economic damage is his primary concern considering cryptocurrency is part of the NY economy.     

“I’m going to ask the governor to consider vetoing the bill that will get in the way of cryptocurrency upstate,” he said. 

“We can’t continue to put barriers in place,” Adams mentioned miners who help the state citing “billions of dollars” invested in cryptocurrency.

Moreover, he suggested regulators could provide a new goal instead of implanting a two-year ban on fossil-fuel-powered crypto mining

Meanwhile, the cryptocurrency community and Ethereum founder Vitalik Buterin disapprove of such a directive. Buterin also agreed with the tweet of the former executive director of the Bitcoin Foundation, Bruce Fenton, who is running for the New Hampshire Senate.

 

Fenton tweeted, “No government has the right to tell you what software to run.” Buterin retweeted Fenton’s comment.

 

“Ultimately, I agree with this (that is, I oppose banning PoW). The government picking and choosing which specific applications are an okay use of electricity or not is a bad idea,” Buterin tweeted. “Better to just implement carbon pricing and use some revenues to compensate low-income users.”

By Marielle Petere Wozinga Staff

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