Arkansas house passes bills restricting crypto mining
Much of the debate surrounds whether Act 851 should be changed and how specific those changes should be.
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.
In a Senate hearing on April 17, lawmakers sought to address general concerns such as noise reduction, foreign ownership and the proximity of crypto mines to residential areas.
Two of the eight bills presented to the House on Wednesday passed, even though the Senate only approved one bill last week that addressed cryptocurrencies.
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Author: Amaka Nwaokocha
