Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » New York bill freezes fossil-fueled Bitcoin mining permits, orders environmental review

    New York bill freezes fossil-fueled Bitcoin mining permits, orders environmental review

    0
    By liam on October 2, 2025 Market
    New York skyline with silhouette of a Bitcoin mining facility in front of a gavel and environmental impact charts.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    New York lawmakers introduced a bill that pauses new permits for fossil-fueled Bitcoin mining, mandates a full environmental review, and considers an energy use excise tax. The rules would affect miners, data center hosts, and funds that hold Bitcoin or its derivatives, setting a stricter framework for proof-of-work operations in the state.

    The moratorium is designed as a two-year freeze tied to the state’s study and rulemaking, with findings due from the NYSDEC on 22 November 2023 and the pause lifting in November 2024 unless the legislature acts.

    The bill halts approval of any fossil-powered mining project for two years and assigns the NYSDEC a comprehensive environmental review. The agency’s findings were due 22 November 2023, and the pause would lift in November 2024 unless extended or modified by lawmakers.

    As defined in the text, the moratorium is a temporary block on new permits while the state studies effects and writes rules, and its reach includes miners alongside the data centers and financial actors that support them.

    Scope of the moratorium and environmental rationale

    Public health and energy data underpin the pause. A Harvard T.H. Chan School of Public Health study cited in the bill estimates that 1.9 million residents breathe an extra ≥0.1 μg/m³ of PM₂.₅ due to Bitcoin facilities. According to IEEE Spectrum, 34 mines consumed 32.3 TWh in the survey window—33% more than Los Angeles uses—and 84% of that electricity came from fossil plants. These figures fuel public anger and are presented as justification for the moratorium.

    Assemblymember Anna Kelles proposes an excise tax on proof-of-work mining, with Senators including Liz Krueger backing the plan and pledging revenues for environmental cleanup and mitigation. The levy would raise operating costs, and supporters argue that the proceeds would fund environmental repairs as the state tightens rules around energy-intensive mining.

    For traders and fund managers, the bill introduces home-state regulatory risk and the possibility of miner migration to looser jurisdictions. A shift in hash rate geography could tighten supply narratives and influence spot and derivatives prices, while industry groups warn the freeze and tax could “stifle innovation” and push rigs out of New York. That warning itself may boost volatility and swell open interest in BTC futures or options; with steady rule tightening likely to curb local capital inflows, high leverage and broken hedges could magnify short-term price swings.

    The pause is set to end in November 2024, but lawmakers can extend it while debating tax rates and environmental duties. The next decision—extend, modify, or scrap the rules—will define the boundary for mining investment in New York and shape money flows into Bitcoin derivatives.

    Bitcoin BTC Featured mining New York NYSDEC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    liam

    Related Posts

    UK regulator sues crypto exchange HTX for unlawful promotion of digital assets

    October 22, 20252 Mins Read

    Flood of 13 million memecoin tokens in 2025 exposes regulatory gaps

    October 22, 20253 Mins Read

    Bitcoin gives back 3.5% gain ahead of CPI as traders de-risk into the inflation print

    October 22, 20252 Mins Read

    After the Fed’s pro-crypto shift, is XRP, ETH or ADA poised for a big move?

    October 22, 20252 Mins Read

    Stellar (XLM) Plunges 18% in Two Weeks — Could $0.30 Be the Last Line Before a Rebound?

    October 22, 20252 Mins Read

    BNB Drops Below $1,100 Despite 3.46M Users: Why is the Disconnect Between BNB Price and Network Activity Happening?

    October 22, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.