Why it matters: The trend in states lately has been to pass laws affirming the right to participate in Bitcoin, either as a user or as an operator of the network, but New York got the ball rolling in 2022 by going the other direction.
What we're watching: Nov. 22. That's when the mining moratorium ends.
The authors of the 2022 moratorium have not replied to repeated requests from Axios for an update.
Zoom in: The legislation also called for a study on the environmental impact of mining.
The state's Department of Environmental Conservation declined to give Axios an update on the study.
What they're saying: "I personally am starting to anticipate that that study will be used to do further pushback against the industry and to try to make that moratorium more permanent," Kyle Schneps, VP of public policy for Foundry Digital, a New York-based mining company, said on The Mining Pod.
"Nobody in this industry wants to write off any state, because they are all going to eventually come around."
