Arkansas Legislates Crypto Mining: New Bills Impacting Bitcoin (BTC) and Other Coins Approved
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- The US government continues to tighten its grip on the crypto industry, with Arkansas lawmakers recently approving two bills to address criticism over previous regulations on mining operations.
- The two Senate-backed bills, SB78 and SB79, aim to address the backlash from local officials and residents about the noise impact of mining operations on the community.
- Despite some opposition, the bills are expected to be approved by Arkansas Governor Sarah Huckabee Sanders.
Arkansas lawmakers approve two new bills to regulate crypto mining operations, addressing previous criticisms and aiming to protect local communities. However, some representatives express concerns over the potential impact on foreign investment.
New Crypto Mining Regulations In Arkansas
The Associated Press reported that Arkansas’ House of Representatives gave final approval to two bills related to crypto mining operations in the state. These bills, SB78 and SB79, were overwhelmingly approved by the majority Republican House and are now on their way to Republican Governor Sarah Huckabee Sanders’s desk. These bills aim to address the complaints of last year’s Act 851, which was criticized for limiting the local government’s ability to regulate mining businesses.
