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New York Targets Bitcoin Mining With Proposed Tax Hike Bill

4th October 2025

Yesterday, two members of the New York State (NYS) Senate introduced Senate Bill 8518 (S8518), which imposes excise taxes on digital asset mining using the proof-of-work consensus mechanism, making it even more difficult than it already is for bitcoin miners to operate in the state.

Politicians’ motto; If it moves, tax it. If it doesn’t move, kick it until in moves, then tax it.

This entry was posted on Saturday, October 4th, 2025 at 08:27 and is filed under News You Can Use.. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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New York Targets Bitcoin Mining With Proposed Tax Hike Bill