Environmental Concerns Drive Crypto Tax Proposal

[tradelikepro]

Senator Liz Kreuger cited the environmental impact and energy burden of cryptocurrency mining in New York. “This bill ensures the costs of negative impacts won’t be foisted on everyone else,” she said. The legislation addresses local grid strain, climate goals, and electricity expenses for ordinary citizens.

[jacson4]

Senator Liz Kreuger emphasized the need for accountability in crypto mining’s environmental footprint.
“This bill ensures the costs of negative impacts won’t be foisted on everyone else,” she said, pointing to grid strain, rising electricity costs, and climate commitments as core motivations.

[EmTeam]

“The costs of negative impacts shouldn’t fall on ordinary New Yorkers,” said Senator Liz Kreuger, introducing legislation to curb the environmental and energy burden of crypto mining.
The bill targets grid strain, high power use, and threats to the state’s climate goals.