A hard blow to New York: a new law restricts crypto mining for two years

by time news

For months, Hochul avoided signing the proposal, and even expressing an opinion on the matter, claiming that she was examining it. However, it’s hard to ignore the fact that Hochul was once acting governor, stepping into the shoes of her predecessor, Andrew Cuomo, when he stepped down amid a sexual harassment scandal last year. The person who greatly helped her win the race for a full term in office by a small margin (relative to a “blue” state like New York) at the beginning of the month was a billion dollar fund for the campaign of her deputy, Antonio Delgado, whose biggest donor was Sam Bankman-Fried, founder and CEO of the Stock Exchange The crypto FTX.

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As mentioned, after winning a full term, Hochul suddenly remembered to sign the law that had been waiting on her desk for many months, and that organizations promoting the crypto industry ran a loud campaign of opposition to it, and could have turned into votes for her Republican competitor, Lee Zeldin, whom she defeated by a much smaller margin than that she expected

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