Coins of cryptocurrency bitcoin, ethereum, litecoin, monero, ripple, dash, on a dark background, a pattern of coins. Business, finance and technology concept. Crypto Lawyer Says Mining Moratorium Is Built to Survive Legal Challenges, But Deep-Pocketed Industry Is Likely to Sue
Cryptocurrency clients feel they were lured to New York "by policy statements made as early as 2020—and now that they're here, they're being shelved," said a lawyer with industry clients.
November 23, 2022 at 02:01 PM
5 minute read
New York Gov. Kathy Hochul's signing of a first-in-the-nation law that put a two-year moratorium on cryptocurrency mining permits at fossil fuel plants is likely to survive legal challenges, considering it's just a pause and not a ban, Drohan Lee partner Jacqueline Drohan said Wednesday.
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