Arkansas lawmakers approve new restrictions on cryptocurrency mines after backlash over ’23 law
Associated Press— Arkansas lawmakers on Wednesday gave final approval to new restrictions on cryptocurrency mining operations after facing backlash for limiting local governments’ ability to regulate them last year. The bills are intended to address complaints about a law passed last year on cryptocurrency mines, which are data centers requiring large amounts of computing power and electricity. Local officials and residents who live near the operations complained that last year’s law interfered with addressing complaints about the mines’ noise and impact on the community. “It’s going to catch people up who are totally innocent, and it’s going to miss a lot of people who are either home-grown or are from countries not on this list.” Lawmakers passed the legislation as the House and Senate gave initial approval to bills detailing the state’s $6.3 billion budget for the coming year.
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