Arkansas State Senate Discusses Crypto Mining Bills in 2024 Fiscal Session
The discussion around crypto mining in Arkansas took center stage at the State Senate chamber on Tuesday, as lawmakers debated two new bills aimed at regulating the industry. State Senator Joshua Bryant introduced SB78, which focuses on local control and noise reduction parameters for crypto facilities operating in the state. Meanwhile, SB79, sponsored by State Senator Missy Irvin, addresses regulation of electrical energy consumption and cybersecurity in relation to crypto mining.
During the hearing, concerns were raised about the impact of crypto mines on local communities, with one Arkansan comparing the noise levels to “having a hairdryer up next to your ear.” Farmers like Jerry Bogard, who have land near crypto mines, expressed frustration over the lack of communication and transparency from mine operators.
State Senator Bryan King highlighted the difficulty in identifying the owners of crypto mines, raising concerns about cybersecurity and accountability. The amendments to the bills will continue to be discussed in the coming days, as the State Senate works to address the challenges posed by the growing crypto mining industry in Arkansas. Stay tuned for updates on this developing story.
