Arkansas Legalizes Crypto Mining

The Arkansas House and Senate voted to favor the “Right to Mine” Bitcoin bill. Now, the Governor of the state is going to sign it to protect the rights of crypto miners there.

The Satoshi Action Fund helped pass the law because they were a big part of how it was made. Also, Arkansas’s decision is similar to Missouri’s earlier this month, when the same “Right to Mine” bill was passed with a unanimous 12-0 vote.

BREAKING: The state of Arkansas has passed the ‘Right to Mine’ #Bitcoin bill in the House & Senate. The bill is now poised to be signed by the Governor. pic.twitter.com/KdVzLkIdwe

— Satoshi Action Fund (@SatoshiActFund) April 7, 2023

Arkansas Now Allows Crypto Mining

As the digital asset industry changes, the crypto mining topic has sparked much debate. But while people on both sides of the political aisle talked about the practice, the Satoshi Action Fund worked to protect the vital work of crypto miners.

Their hard work has paid off again because the House and Senate of Arkansas passed the Right to Mine Bitcoin bill. After that, the state’s Governor will sign the account.

New Law Will Protect Crypto Miners

The law protects Bitcoin and cryptocurrency miners in how they run their businesses. Arkansas has also taken steps like these to safeguard mining practices from electric companies that charge different rates for the same amount of energy used.

Montana also put in place similar protections for Bitcoin mining in February of this year. In the same way, Texas has passed laws that will protect Bitcoin owners, miners, and developers starting in March.

In particular, the bill wants to “clarify the rules for the digital asset and mining businesses.” Also, because US regulations are sometimes unclear, this kind of legislative action is good.