What a Mining Moratorium Could Really Mean for New York’s Crypto Industry

“It’s troubling to me that a bill like this is directly targeting one specific industry. New York itself could use all the help it can get in generating jobs and keeping people here in the state, but also in developing new technologies and bringing the state forward,” Olsen said. “We’ve seen a lot of anti-tech rhetoric and legislation in previous years …[crypto] companies are just going to think ‘You know, it’s not worth it here in New York,’” he said.