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New York Introduces Energy Taxation For Sustainable Crypto Mining(Senate Bill S8518)

crypto

New York introduced Senate Bill S8518 for a tiered energy tax on cryptocurrency mining. Large users who consume above 2.26 kWh are liable to pay 2-5 cents according to their consumption. The law aims to encourage miners to adopt cleaner energy and also to reshape the New York crypto market.

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Bullish Enters New York With BitLicense, Backed by $1.15B IPO Success

Bullish

Bullish has secured a New York BitLicense, paving the way to serve major investors in the U.S. This milestone builds on its $1.15B stablecoin IPO and European license, highlighting the company’s global growth and the wider trend of crypto firms returning to America as regulations improve.

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