New Restrictions in Place
Arkansas lawmakers have approved two bills aimed at addressing concerns over crypto mining operations in the state.
Noise and Water Usage
The bills require mining facilities to implement noise-reduction techniques and obtain a state permit. They also address water usage restrictions for cooling systems.
Foreign Ownership
The bills prohibit ownership of crypto mining businesses by companies and individuals from certain countries, including China.
Local Control
While the bills restrict the regulatory power of local authorities over certain matters, they do allow local governments to take action against mining operations that create noise disturbances.
Governor’s Support
Governor Sarah Huckabee Sanders is expected to sign the bills into law. She has expressed support for protecting rural communities from negative impacts of mining operations.
Opposition Concerns
Some lawmakers have raised concerns about the broad language of the foreign ownership restrictions and the potential impact on investment. They also believe that local governments should have more authority to regulate mining operations.
