NY State Senate Bill 2021-S6486D (2024)

Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that such operations shall be subject to a full generic environmental impact statement review.

 BILL NUMBER: S6486 REVISED 05/05/2021SPONSOR: PARKERTITLE OF BILL:An act to establish a moratorium on the operation of cryptocurrencymining centers; and providing for the repeal of such provisions uponexpiration thereofPURPOSE OR GENERAL IDEA OF BILL:To establish a three-year moratorium on operation of cryptocurrencymining centers and require completion of a comprehensive generic envi-ronmental impact study of the cryptocurrency industry in the State ofNew York in the context of the Climate Leadership and CommunityProtection Act (CLCPA) goals established in statute in 2019.SUMMARY OF PROVISIONS:Section 1 declares the legislative findings. 

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 S T A T E O F N E W Y O R K ________________________________________________________________________ 6486 2021-2022 Regular Sessions I N S E N A T E May 3, 2021 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Environmental Conservation AN ACT to establish a moratorium on the operation of cryptocurrency mining centers; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that: (a) Climate change threatens the health, welfare, and economy of the state with increasingly severe and widespread impacts to our communities due to flooding, sea level rise, heat waves, coastal erosion, erratic and unpredictable weather patterns, shifting climactic zones, loss of wildlife, increased harmful algal blooms and invasive species, and increased risk of disease, in part, which leads directly to loss of life, property damage and reduction in value, ecological damage, and increased infrastructure costs; (b) It is the policy of the State of New York to conserve, improve and protect its natural resources and environment and to prevent, abate and control water, land and air pollution, in order to enhance the health, safety and welfare of the people of the state and their overall economic and social well-being; (c) To mitigate the current and future effects of climate change, the State of New York implemented the Climate Leadership and Community Protection Act, requiring that statewide greenhouse gas emissions be reduced eighty-five percent by 2050 and that the state has net zero emissions in all sectors of the economy by that time; (d) Cryptocurrency mining centers are an expanding industry in the State of New York, often, but not exclusively, located in retired or converted fossil fuel power stations, including dormant peaker plants; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11081-03-1 

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Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that such operations shall be subject to a full generic environmental impact statement review.

 BILL NUMBER: S6486ASPONSOR: PARKERTITLE OF BILL:An act to amend the environmental conservation law, in relation toestablishing a moratorium on the operation of cryptocurrency miningcenters; and providing for the repeal of such provisions upon expirationthereofPURPOSE OR GENERAL IDEA OF BILL:To establish a three-year moratorium on operation of cryptocurrencymining centers and require completion of a comprehensive generic envi-ronmental impact study of the cryptocurrency industry in the State ofNew York in the context of the Climate Leadership and CommunityProtection Act (CLCPA) goals established in statute in 2019.SUMMARY OF PROVISIONS:Section 1. Declares the legislative findings. 

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 S T A T E O F N E W Y O R K ________________________________________________________________________ 6486--A 2021-2022 Regular Sessions I N S E N A T E May 3, 2021 ___________ Introduced by Sens. PARKER, MAY, BRISPORT, KRUEGER, RYAN, SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Environmental Conservation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the environmental conservation law, in relation to establishing a moratorium on the operation of cryptocurrency mining centers; and providing for the repeal of such provisions upon expira- tion thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that: (a) Climate change threatens the health, welfare, and economy of the state with increasingly severe and widespread impacts to our communities due to flooding, sea level rise, heat waves, coastal erosion, erratic and unpredictable weather patterns, shifting climactic zones, loss of wildlife, increased harmful algal blooms and invasive species, and increased risk of disease, in part, which leads directly to loss of life, property damage and reduction in value, ecological damage, and increased infrastructure costs; (b) It is the policy of the State of New York to conserve, improve and protect its natural resources and environment and to prevent, abate and control water, land and air pollution, in order to enhance the health, safety and welfare of the people of the state and their overall economic and social well-being; (c) To mitigate the current and future effects of climate change, the State of New York implemented the Climate Leadership and Community Protection Act, requiring that statewide greenhouse gas emissions be reduced eighty-five percent by 2050 and that the state has net zero emissions in all sectors of the economy by that time; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. 

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Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that such operations shall be subject to a full generic environmental impact statement review.

 BILL NUMBER: S6486BSPONSOR: PARKERTITLE OF BILL:An act to amend the environmental conservation law, in relation toestablishing a moratorium on consolidated operations that use proof-of-work authentication methods to validate blockchain transactions; and torequire a comprehensive generic environmental impact statement reviewPURPOSE OR GENERAL IDEA OF BILL:To establish a moratorium on consolidated operations based on proof-of-work transaction authentication methods and require completion of acomprehensive generic environmental impact study of the consolidatedoperations using proof-of-work methodology in the State of New York inthe context of the Climate Leadership and Community Protection Act(CLCPA) goals established in statute in 2019.SUMMARY OF PROVISIONS: 

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 S T A T E O F N E W Y O R K ________________________________________________________________________ 6486--B 2021-2022 Regular Sessions I N S E N A T E May 3, 2021 ___________ Introduced by Sens. PARKER, MAY, BRISPORT, KRUEGER, RYAN, SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Environmental Conservation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the environmental conservation law, in relation to establishing a moratorium on consolidated operations that use proof- of-work authentication methods to validate blockchain transactions; and to require a comprehensive generic environmental impact statement review THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that: (a) Climate change threatens the health, welfare, and economy of the state with increasingly severe and widespread impacts to our communities due to flooding, sea level rise, heat waves, coastal erosion, erratic and unpredictable weather patterns, shifting climatic zones, loss of wildlife, increased harmful algal blooms and invasive species, and increased risk of disease, in part, which leads directly to loss of life, property damage and reduction in value, ecological damage, and increased infrastructure costs; (b) It is the policy of the State of New York to conserve, improve and protect its natural resources and environment and to prevent, abate and control water, land and air pollution, in order to enhance the health, safety and welfare of the people of the state and their overall economic and social well-being; (c) To mitigate the current and future effects of climate change, the State of New York implemented the Climate Leadership and Community Protection Act, requiring that statewide greenhouse gas emissions be EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. 

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Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that such operations shall be subject to a full generic environmental impact statement review.

 BILL NUMBER: S6486CSPONSOR: PARKERTITLE OF BILL:An act to amend the environmental conservation law, in relation toestablishing a moratorium on consolidated operations that use proof-of-work authentication methods to validate blockchain transactions; and torequire a comprehensive generic environmental impact statement reviewPURPOSE OR GENERAL IDEA OF BILL:To establish a moratorium on consolidated operations based on proof-of-work transaction authentication methods and require completion of acomprehensive generic environmental impact study of the consolidatedoperations using proof-of-work methodology in the State of New York inthe context of the Climate Leadership and Community Protection Act(CLCPA) goals established in statute in 2019.SUMMARY OF PROVISIONS:Section 1 declares the legislative findings. 

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 S T A T E O F N E W Y O R K ________________________________________________________________________ 6486--C 2021-2022 Regular Sessions I N S E N A T E May 3, 2021 ___________ Introduced by Sens. PARKER, MAY, BIAGGI, BRISPORT, JACKSON, KRUEGER, RYAN -- read twice and ordered printed, and when printed to be commit- ted to the Committee on Environmental Conservation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Environmental Conservation in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the environmental conservation law, in relation to establishing a moratorium on consolidated operations that use proof- of-work authentication methods to validate blockchain transactions; and to require a comprehensive generic environmental impact statement review THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that: (a) Climate change threatens the health, welfare, and economy of the state with increasingly severe and widespread impacts to our communities due to flooding, sea level rise, heat waves, coastal erosion, erratic and unpredictable weather patterns, shifting climatic zones, loss of wildlife, increased harmful algal blooms and invasive species, and increased risk of disease, in part, which leads directly to loss of life, property damage and reduction in value, ecological damage, and increased infrastructure costs; (b) It is the policy of the State of New York to conserve, improve and protect its natural resources and environment and to prevent, abate and control water, land and air pollution, in order to enhance the health, safety and welfare of the people of the state and their overall economic and social well-being; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11081-15-1 

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Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that such operations shall be subject to a full generic environmental impact statement review.

 BILL NUMBER: S6486D RevisedSPONSOR: PARKERTITLE OF BILL:An act to amend the environmental conservation law, in relation toestablishing a moratorium on cryptocurrency mining operations that useproof-of-work authentication methods to validate blockchain trans-actions; and to require a comprehensive generic environmental impactstatement reviewPURPOSE OR GENERAL IDEA OF BILL:To establish a moratorium on air permit issuance and renewal for elec-tric generating facilities that utilize a carbon-based fuel and thatprovides, in whole or in part, behind-the-meter electric energy consumedor utilized by cryptocurrency mining operations that use proof-of-workauthentication methods to validate blockchain transactions; and requirecompletion of a comprehensive generic environmental impact study ofcryptocurrency mining operations using proof-of-work methodology in theState of New York in the context of the Climate Leadership and CommunityProtection Act (CLCPA) goals established in statute in 2019. 

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 S T A T E O F N E W Y O R K ________________________________________________________________________ 6486--D 2021-2022 Regular Sessions I N S E N A T E May 3, 2021 ___________ Introduced by Sens. PARKER, MAY, BIAGGI, BRISPORT, GOUNARDES, JACKSON, KRUEGER, RAMOS, RYAN, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Environmental Conser- vation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Environmental Conserva- tion in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the environmental conservation law, in relation to establishing a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain trans- actions; and to require a comprehensive generic environmental impact statement review THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that: (a) Climate change threatens the health, welfare, and economy of the state with increasingly severe and widespread impacts to our communities due to flooding, sea level rise, heat waves, coastal erosion, erratic and unpredictable weather patterns, shifting climatic zones, loss of wildlife, increased harmful algal blooms and invasive species, and increased risk of disease, in part, which leads directly to loss of life, property damage and reduction in value, ecological damage, and increased infrastructure costs; (b) It is the policy of the State of New York to conserve, improve and protect its natural resources and environment and to prevent, abate and control water, land and air pollution, in order to enhance the health, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11081-20-2 

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