New York Sen. Krueger introduces Bill S.8518 to tax proof-of-work crypto mining energy use, funding electricity aid programs.

New York Sen. Krueger introduces Bill S.8518 to tax proof-of-work crypto mining energy use, funding electricity aid programs.

New York lawmakers have introduced a bill to tax Bitcoin miners in the state, citing high electricity costs for ordinary people as the reason.

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New York lawmakers introduced bill S.8518 today to impose taxes on proof-of-work cryptocurrency mining operations, with revenues directed toward energy relief programs for residents. The legislation ...

Senator Liz Krueger of New York and Assemblymember Anna Kelles have introduced legislation that would impose additional taxes ...

A New York state senator has introduced a legislative proposal to tax crypto mining companies in New York for the energy they use to secure blockchain networks.