Senator Brian King of Arkansas Calls for Termination of Government Aid to Miners.

In April, both the House of Representatives and the State Senate of Arkansas approved a legislation aimed at regulating the activities of cryptocurrency miners. The bill would place mining farms under the same level of scrutiny as data centers, but it has faced opposition from some local lawmakers who argue that it may not effectively prevent discrimination against miners and could limit the authority of city officials in overseeing cryptocurrency mining operations.

Senator Bryan King, representing Arkansas, is leading the opposition and is currently working on a counter bill to address concerns related to the increased noise generated by mining equipment, which could adversely affect the quality of life for residents and harm the environment.

In contrast, Senator Joshua Bryant, a Republican colleague, supports the approved bill, stating that its primary goal is to safeguard the property rights of miners and promote a fair environment for cryptocurrency entrepreneurs. Bryant emphasizes that miners can play a crucial role in Arkansas’ development by investing in state infrastructure, optimizing utility expenses, and contributing to the local economy.

The regulation of cryptocurrency mining varies significantly across different states. Last year, the New York State Senate implemented a two-year moratorium on new mining companies using the Proof-of-Work (PoW) consensus method for cryptocurrency mining. In contrast, Montana’s governor signed a law in May preventing local authorities from passing restrictive laws targeting miners.