The news comes after the New York State Senate approved the bill to ban crypto mining in the state.
In the midst of New York’s bill to ban PoW mining, a significant number of Twitter users shared their hatred of the possible mining restrictions. For instance, on June 4, Vitalik Buterin, one of the most popular programmers and co-founder of Ethereum (ETH), stated in a tweet:
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The Executive Vice President and Head of Policy at Blockchain Association Jake Chervinsky shared that such a ban won’t have any positive outcome as it won’t contribute to lowering carbon emissions.
Likewise, miners will simply move to another place where no regulations are imposed on crypto mining. In addition, according to Chervinsky, if the law passes, it will be a policy blunder by the world's financial capital.
The crypto advocate also thinks that the ban demonstrates New York's disapproval of cryptocurrencies. However, Chervnisky still believes that Katy Hochul, the NY Governor, will overturn the bill in order to help out fellow residents of the city.
On top of that, a candidate for US Senate, Bruce Fenton, agreed with Buterin and recently tweeted that “no government has the right to tell you what software to run.”
On another note, Russia's Deputy Minister of Energy Evgeny Grabchak stated that the country would be seeking to legalize crypto mining.
