X @Wu Blockchain

Proposed Legislation - New York Senator Liz Krueger and Assemblymember Anna Kelles proposed Bill S8518 to tax Bitcoin miners based on electricity consumption [1] - The proposed tax rate is 2–5¢/kWh on electricity used by Bitcoin miners [1] - Revenue generated from the tax would fund energy aid for low-income households [1] - Bitcoin miners using renewable energy sources would be exempt from the tax [1]