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Arkansas Senate Rejects Crypto Mining Ban Near Military Bases

Coin WorldFriday, Jan 31, 2025 3:40 am ET

1min read

The Arkansas Senate has rejected Senate Bill 60, which aimed to prohibit crypto mining facilities within a 30-mile radius of any military facility in the state. The bill, introduced by Senator Ricky Hill and Representative Brian S. Evans, sought to address security risks posed by digital asset mining near military installations.

The bill required existing mining operations within this zone to cease operations unless they had obtained permits from the Oil and Gas Commission before December 31, 2024. It also granted the Attorney General the authority to investigate potential violations and issue subpoenas to enforce compliance. However, the bill failed to gain sufficient support, leaving digital asset mining businesses free to operate without the proposed restrictions.

The rejection of the bill comes amidst growing interest in crypto mining at the national level. President Donald Trump, now serving his second term, has voiced strong support for the domestic Bitcoin mining industry. He has publicly advocated for all future Bitcoin mining to take place within the US, reinforcing his administration's pro-crypto stance.

Meanwhile, lawmakers in North Dakota have introduced legislation to safeguard the rights of cryptocurrency users and miners. Representative Nathan Toman has put forward a bill designed to protect fundamental Bitcoin-related rights, including the right to mine, self-custody, peer-to-peer transactions, and run a node.

The contrast between Arkansas and North Dakota illustrates the ongoing dialogue about the future of cryptocurrency and its acceptance within the regulatory framework of the United States. As states navigate the complexities of balancing economic benefits with potential risks, stakeholders in the cryptocurrency industry must remain vigilant. The rejection of restrictive measures in Arkansas may signify a broader trend toward acceptance, sparking discussions crucial for the future landscape of cryptocurrency regulations.

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