Shortly earlier than the Thanksgiving vacation, Gov. Kathy Hochul signed into law a new temporary moratorium on sure sorts of cryptocurrency mining at fossil gasoline vegetation.
A 12 months in the past, newly elected Mayor Eric Adams vowed to make New York the middle of the cryptocurrency business, taking his first few paychecks in bitcoin and ethereum, two of probably the most distinguished digital currencies.
However now New York financial regulators and Congress are weighing new rules on the business, as considerations develop over the way forward for cryptocurrency.
Cryptocurrency billionaire Brock Pierce joined Errol Louis on “Inside Metropolis Corridor” Thursday to debate the state of the business and supply his perspective.
Disclosure: “Inside Metropolis Corridor” host Errol Louis’ spouse Juanita Scarlett is a lobbyist for the cryptocurrency firm Coinbase.