The New York Attorney General's office has announced a settlement in which the trading platform has agreed to reimburse investors for excessive fees and deceptive practices.
Letitia James' pursuit of legal action against companies such as Celsius, CoinEx, and Nexo has led to the introduction of this bill seeking expanded regulatory powers in the cryptocurrency space.
According to a schedule released Thursday, the Senate Environmental Conservation Committee will not consider the contentious bill.
For the next two years, the law would prohibit new licences for proof-of-work mining activities at decommissioned power plants.