NY gov signs novel law that limits cryptomining, for nowALBANY, N.Y. (AP) — New York is taking a first-in-the-nation step to tap the brakes on the spread of cryptocurrency mining, under legislation that Gov.But New York’s measure, which passed the state Legislature in June, is specifically concerned with the environmental aspects of crypto.“I will ensure that New York continues to be the center of financial innovation, while also taking important steps to prioritize the protection of our environment,” Hochul, a Democrat, said in a message explaining her approval.The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive “proof-of-work” cryptocurrency mining — a term for the computational process that records and secures transactions in bitcoin and similar forms of digital money.$740M in crypto assets recovered in FTX bankruptcy so farUS: 2 Estonians arrested in $575M cryptocurrency fraudExec who cleaned up Enron calls FTX mess 'unprecedented'Size, scope of FTX failure gets clearer as users fear worstCryptocurrency advocates, meanwhile, argued that the measure would crimp New York’s economic development, and singled out crypto while not addressing other fossil fuel use."