Arkansas house passes bills restricting crypto mining

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Arkansas house passes bills restricting crypto mining
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Arkansas State House passes bills targeting crypto mining. Senate discusses noise reduction and foreign ownership concerns. Legislation not yet finalized. Debate ongoing.

The Arkansas State House has passed two bills that could restrict cryptocurrency mining within the state. Although these bills have not yet evolved into full-fledged laws, they lay the groundwork for further discussions leading to potential legislation.on April 17, lawmakers sought to address general concerns such as noise reduction, foreign ownership, and the proximity of crypto mines to residential areas.

There is considerable debate about whether Act 851 should be amended and the level of detail those amendments should entail. The committees will discuss the matter before potentially passing a law either in the current fiscal session or the next one. and related activities in the South American nation, saying illegal crypto mines are stealing power and interrupting the electricity supply.

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