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Crypto News - Crypto Mining Ban Has The US Looking A Little More Like ChinaThe legislation will impose a two-year moratorium on crypto-mining companies that are seeking new permits to retrofit some of the oldest and. The New York Senate passed Bill SD banning cryptocurrency mining in the state when relying on carbon-based energy sources to power their operation.1 Here's. The ban is set to last for one year until May 1, However, it may end sooner if officials create a regulatory standard for crypto mining.