The state of Arkansas has passed a Bitcoin mining rights bill through the House and Senate. Now, the bill will be signed by the state governor to protect the rights of cryptocurrency miners in Arkansas.
Arkansas’ decision to follow the same action is possible Missouri implemented earlier this month, when they passed the cryptocurrency mining rights bill by a unanimous vote of 12-0.
BREAKING: The state of Arkansas has passed the ‘Right to Mine’ #Bitcoin bill in the House & Senate. The bill is now ready to be signed by the Governor. pic.twitter.com/KdVzLkIdwe
— Satoshi Action Fund (@SatoshiActFund) April 7, 2023
Cryptocurrency Mining Rights Passed in Arkansas
In the context of the burgeoning cryptocurrency industry, the topic of cryptocurrency mining has caused some heated debate. However, as both sides entered the discussions surrounding this activity, Satoshi Action Fund represented cryptocurrency miners, in protecting the work of miners. number.
Now, those efforts are paying off once again, as Arkansas has passed a bitcoin mining rights bill through both the House and Senate. Then, the law will be presented to the Governor of the state for approval and signature.
The Cryptocurrency Mining Rights Bill is intended to protect bitcoin and cryptocurrency miners in connection with their particular business. Specifically, the bill states the intention to “clarify the regulation of mining business and digital assets, given the lack of regulatory clarity in the United States, this type of legislative action is certainly a welcome development.
The state of Arkansas has also taken similar action to specifically protect mining operations from discriminatory prices charged by voltage companies for energy use.
Besides, Montana signed a similar bitcoin mining protection in February of this year. Similar, Texas enacted legislation protecting bitcoin holders, miners, and developers this March.
See also: 2.5 million Swiss investors can now buy Bitcoin and Ethereum