The Mississippi State Committee has approved legislation to protect the right to Bitcoin mining and node creation. The bill was introduced on January 20. Missouri is also expected on the same subject.
A timely mining bill?
Legislators from the US states of Mississippi and Missouri have introduced bills that should serve to protect their citizens who want to create and operate a Bitcoin node and mine BTC. The story first begins on January 20. The documents were submitted to the appreciation of the members of the House of Representatives and the Senate. We learned by Bitcoin Magazine that ” Mississippi State Committee Approves Bill to Protect Right to Run a Node and Bitcoin Mining “. The announcement was made on the Twitter account of the site specializing in information on the Blockchain.
The State of Missouri is now expected. It wouldn’t be surprising if his decision resembled that made by Mississippi. Thanks to this mining bill, the crypto industry would have some glimmers of hope in a harsh winter.
What future for cryptocurrencies in the United States after this law?
This information comes as the price of Bitcoin saw a 40% surge from its price on the 1er January. The biggest rise for a start to the year since 2013. That year started with the price of Bitcoin climbing 51%.
Regarding the future of Bitcoin in the United States, let us first note that the approved law now protects miners against discriminatory energy pricing. So the citizens of Mississippi will not pay more for mining. Then, it will greatly facilitate new mining activities. Experts have even pointed out that the activity will help the government generate more revenue over time. As a result, he will be able to settle his debts more easily.
The debate about the practical usefulness of Bitcoin and cryptocurrencies is raised again. It seems that Mississippi pundits and lawyers are on the side of crypto advocates. But will that be enough? save cryptocurrencies from banishment.
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