Bill protecting Bitcoin mining rights passes in Arkansas Senate and House

A bill seeking to regulate Bitcoin mining activity in the State of Arkansas has

Arkansas’ move follows a similar initiative in the State of Montana. In late March, the Montana Senate passed a bill designed to protect crypto miners operating within the state. The bill intends to protect miners against taxes on digital assets used for payments and to eliminate energy rates discriminating against home crypto miners and digital assets businesses.

The State of Texas stands in a different direction. Its Senate Committee on Business and Commerce passed on April 4 a legislation that would largely remove incentives for miners operating under the state’s crypto-friendly regulatory environment, Cointelegraph reported.

An even stronger move came from New York last November, when governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law, banning crypto mining activities in the State for two years. On a federal level, crypto miners in the United States could eventually be subject to a 30% tax on electricity costs under a budget proposal introduced on March 9 by President Joe Biden aimed to “reduce mining activity.”

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