Arkansas State has made a big leap into all things bitcoin mining. Indeed, the Arkansas Data Centers Act of 2023 is currently pending approval from Governor Sarah Huckabee Sanders. The House of Representatives and the Senate having already given their approval for this bill to protect BTC minors.
Arkansas and its Bitcoin Mining Bill
The State of Mississippi recently passed a ” landmark law protecting bitcoin mining “. Proof that some US states want to speed things up on this side, without however arriving at bitcoin legislation as El Salvador had done in 2021.
In a publication dated April 8, Cointelegraph revealed details regarding the progress of a bill to regulate bitcoin mining in Arkansas. Baptized ” Arkansas Data Center Act of 2023 This law has already been endorsed by Representative Rick McClure and Senator Joshua Bryant.
Currently, this bill is in the hands of the governor of Arkansas. He is just waiting for his final approval.
What is this law about?
Thanks to the Arkansas Data Centers Act of 2023, local BTC miners will be able to conduct their business based on well-defined guidelines. BeInCrypto clarified that this bill directs these actors to comply with state laws regarding taxation and business guidelines in the future.
But they will also be advantaged in carrying out their activities as long as they do not disrupt the local electricity grid.
Also, individual bitcoin miners will have carte blanche to operate from their own home. They will be considered the data centers that currently enjoy protection against ” unreasonably discriminatory rates from Arkansas utility providers.
” The state of Arkansas won a surprising victory and became a pioneer in passing the bitcoin ‘right to mine’ bill in both the House of Representatives and the Senate.
I hope to join Sarah Huckabee at the signing ceremony soon. »
Note that elected officials and American states seem divided on the position to take on bitcoin mining. On the side of the supporters are, for example, the states of Montana and Missouri. On the other is Buncombe County (North Carolina) and Texas, which looks like the most crypto mining-friendly state but wants to take a step back.
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