If other states follow their lead, which some have, it's game over for most unless you can find another power source that gets round the ban or move to another state that's crypto friendly.
There are states that are also refusing to give out permits / renew them for mining farms as well.
And there are states like Texas that allow mining, oppose any bitcoin mining bans, openly invite miners to the state and claim that miners help stabilize the grid.
Biden is shooting himself in the knee before election, or rather is being thrown under the bus by someone, probably Warren, because Biden doesn't understand bitcoin and doesn't know if mining is good or bad. He repeats what he's being told by his staff who claim to know the technology and have a clear (negative) stance.
Biden seems to underestimate how many people support bitcoin in the US and doing this will not buy him more votes, but I guess he wants to be in opposition to Trump who said some good things about bitcoin.
Whatever happens, people will do what they always do - move the business elsewhere. Not all states will impose the tax if the bill ever passes (which I doubt it will) and states like Texas or Virginia will continue to support bitcoin.
Looks like the attack on bitcoin to stop the bull market is ongoing.