Arkansas lawmakers have passed a bill to defend cryptocurrency mining as a right within the state.
A bill to defend the rights to cryptocurrency mining has been approved in the state of Arkansas, located in the southern United States.
According to the non-profit organization Satoshi Action Fund, the bill titled “Right to Mine Bitcoin” was presented before the Arkansas House of Representatives and Senate, and was approved by both legislative branch organizations.
On its Twitter account, Satoshi Action Fund highlighted that the bill in question is awaiting signature by Governor Sarah Huckabee Sanders for its promulgation as law within the state.
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Cryptocurrency miners welcome in Arkansas
The new legislation is focused on crypto mining rights. The southern state is following in the footsteps of Missouri, which earlier last month also gave the green light to a bill designed to defend the rights of Bitcoin and other cryptocurrency miners.
Both states want to ensure the development of a regulated and friendly environment for the cryptocurrency industry, as it advances and continues its growth and expansion.
Through this bill, Arkansas state legislators are establishing clear guidelines on Bitcoin mining within the state, in order to regulate such activity, promote its development, ensure stakeholder participation, and prevent practices from occurring. illegal.
Also, the states of Texas and Montana have passed similar bills this year to welcome and support Bitcoin miners and other cryptocurrencies. In the case of Montana, state legislators will give the bill SB-178 a final reading before it is sent to Governor Greg Gianforte's office.
Bitcoin mining as a right
The new legislation passed in Arkansas recognizes the potential that cryptocurrency mining offers for the development and economic growth of the state.
Crypto analyst and founder of Satoshi Action Fund, Dennis Porter, has highlighted the economic value that cryptocurrency miners offer to American citizens and companies, by generating new sources of employment, encouraging the use of renewable energy sources and providing stability to electrical networks.
Porter has emphasized how Cryptocurrency miners are helping Texas ensure 1,5 million homes have power for heating during the winter storm.
Therefore, the “Right to Mine Bitcoin” bill seeks to protect Bitcoin and other crypto miners from discriminatory electricity rates and additional taxes within the state.
As the cryptocurrency industry grows in the world, crypto mining has become an issue that has generated great controversy at the government level, which is why the non-profit organization Satoshi Action Fund is determined to support crypto miners, educating legislators and regulators about the advantages and benefits that this activity offers, in addition to attesting that the work of cryptominers can be carried out in a legal and respectful manner without affecting other sectors.
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