Two Democratic lawmakers proposed federal crypto regulations modeled after New York's BitLicense. This would require licenses for crypto businesses, potentially hindering innovation and harming startups. A fossil fuel mining moratorium was also suggested, impacting jobs and potentially shifting mining to foreign countries.
- New York's BitLicense is costly and time-consuming to obtain.
- A federal BitLicense could stifle US crypto businesses.
- Mining moratorium could cause job losses and shift mining overseas.
| Issue | Impact |
|---|---|
| BitLicense | High costs, limited access for startups |
| Mining Moratorium | Job losses, potential shift of mining to other countries |
