Arkansas Senate Passes Bill for Oversight and Fees on Crypto-Mining Data Companies

The Arkansas Senate’s recent passage of a bill targeting data companies involved in crypto-mining has sparked controversy and debate at the State Capitol. The bill, which could bring more oversight and potential fees to these companies, is a response to the rapid growth of data centers in rural communities following the passage of a law last year that protected the industry.

Local farmer Jerry Lee Bogard voiced his concerns about the impact of crypto-mining operations on his community, citing noise pollution and potential environmental damage as major issues. State Senator Bryan King, who initially supported the industry protection law, now believes it may have been a mistake and is sponsoring a bill to increase oversight and potentially fine crypto-mining companies.

The bill passed in the Senate with a 28-3 vote, but not without opposition from State Senator Bart Hester, who called for more targeted measures against “bad actors” in the industry. The debate over the future of crypto-mining in Arkansas continues, with multiple bills addressing concerns about ties to China and the need for government intervention in business practices.

As the House Rules Committee prepares to review several crypto-mining bills, farmers like Bogard remain vigilant in their efforts to push for change and hold lawmakers accountable for their decisions. The road ahead for these bills remains uncertain, with the need for approval from both the House and Senate before any significant changes can be made.

Overall, the debate over crypto-mining in Arkansas highlights the complex issues surrounding the industry and the need for careful consideration of its impact on local communities and the environment. Stay tuned for updates as the legislative process unfolds.