With roughly nine months until major federal and state elections, New York State gubernatorial candidate Jumaane Williams is making crypto mining an issue in his campaign, criticizing the lack of regulatory clarity.
Speaking to climate activists and protestors at Seneca Lake in upstate New York on Monday, Williams called on current Governor Kathy Hochul to deny permits for proof-of-work crypto mining firms seeking to operate in the state, citing potential environmental concerns as well as any โharmfulโ economic impact. The gubernatorial candidate cited Chinaโs crackdown on proof-of-work miners to back his claims.
โ20% of Americaโs mines operate in New York state without any oversight or regulation,โ said Williams. โWe need to ask questions now rather than dealing with the fallout later by creating the right infrastructure to protect Seneca Lake and all of New York state from harmful economic and environmental impacts.โ
Bitcoin mines that use a โproof-of-workโ process have the potential to devastate the environment & local economy, so today I joined advocates & community members on #SenecaLake to call on @GovKathyHochul to declare a moratorium on this type of mining. (1/3) pic.twitter.com/DHWFmmuv72
โ Jumaane Williams (@JumaaneWilliams) January 31, 2022
Politicians and activists have often targeted crypto mining operations around Seneca Lake and across the state. In June, a bill which would have required miners in New York to halt operations for three years โ but exempted certain projects operating on renewable energy โ in an effort to slow the environmental impact of crypto was defeated in the stateโs legislature.
Greenidge Generationโs Bitcoin (BTC) plant operates in the area and aims to dedicate 85 megawatts to crypto mining in 2022. Residents near Seneca Lake have previously claimed that Greenidgeโs plant was heating up the body of water and releasing greenhouse gases, threatening the ecosystem of several species of fish and otherwise damaging the environment.
The company has repeatedly denied such claims and threatened to consider โall legal remedies availableโ against activists pushing them. However, New York Commissioner of Environmental Conservation Basil Seggos has also criticized Greenidge, saying in September the firm โhas not shown compliance with NYโs climate lawโ in regards to its BTC mining operations.
Related: New York businesses ask governor to deny permits for crypto mining
Hochul has only been in office since August following the departure of former governor Andrew Cuomo, but will face Williams and other gubernatorial candidates in a November 2022 election. During her time as governor, Hochul has nominated Adrienne Harris to lead New York Stateโs Department of Financial Services.
