Arkansas Lawmakers Focus on Changing Crypto Mining Law in 2025
Arkansas lawmakers are setting their sights on changing the current crypto mining law as the fiscal session wraps up at the state capitol. The focus on crypto mining legislation has gained momentum, with two resolutions passing in the Senate City, County and Local Affairs Committee.
The bills, sponsored by Senators Joshua Bryant and Missy Irvin, address concerns over noise and foreign ownership of crypto mining sites in Arkansas. Residents, like Kenneth Graves of Dewitt, have voiced their concerns over the noise and potential foreign ownership of these sites. Attorney General Tim Griffin is investigating to determine if any sites in Arkansas are owned by foreign adversary companies.
Both bills aim to ensure that foreign adversaries have 0% ownership over sites in Arkansas and add more state regulation over crypto sites, requiring them to obtain a permit through the state. The legislation also gives facilities a timeframe to comply with state noise regulations and divest of any foreign ownership.
Community members in Dewitt and other areas are rallying to stop crypto mining sites from going up in their towns. The Senate City County and Local Affairs Committee will hear more public comment to ensure the bills are ready for votes in the Senate.
The debate over crypto mining legislation in Arkansas continues to evolve, with residents and lawmakers working to find a balance between economic development and community concerns. Stay tuned for more updates on this developing story.
