Schuyler passes cryptocurrency resolution
SCHUYLER COUNTY-- The Schuyler County Legislature passed a resolution Monday, May 10 asking New York state to devise regulations regarding the operation of cryptocurrency mining operations. The resolution, which was previously tabled, was brought back by legislator Mark Rondinaro with minor adjustments as recommended by Watkins Glen.
"This reflects changes that Watkins Glen wanted," as there is concern amongst village officials that a cryptocurrency mining operation could increase electricity rates for all residents, said Rondinaro.
Rondinaro had previously tabled the resolution so that he could get input from Watkins Glen officials and discuss the resolution with members of the Yates County Legislature, some of whom he had said were opposed to the resolution.