Skip to main content

US lawmakers introduce bills to protect bitcoin mining

By

 US lawmakers introduce bills to protect bitcoin mining



Mississippi and Missouri state legislators have moved to take advantage of the development of blockchain technology by putting out new legislation to formally safeguard their citizens' rights to mine bitcoin (BTC) and conduct node-running activities. 

The two state's Houses and Senates are reportedly reviewing the measures, and lawmakers plan to vote on the legislation soon. The bill's sponsors are Sen. Josh Harkins, Reps. Jody Steverson from Mississippi and Phil Christofanelli from the Missouri House.

Both bills expressly indicate that it is perfectly lawful to own and run mining nodes in both private houses and on an industrial scale, and their respective structures were both influenced by the Satoshi Action Fund, a non-profit group that advocates for bitcoin mining. 

The proposed legislation will also shield miners from "discriminatory energy rates," political subdivisions attempting to impose unique zoning regulations that do not apply to other data centers in the state, and other issues. 

Dennis Porter, the Satoshi Action Fund's CEO and founder, advised Americans to take advantage of the new development by actively participating in the "bitcoin boom."

Mining infrastructure is frequently constructed in rural areas of America. We hope Mississippi and Missouri realize this potential and start welcoming Bitcoin mining operations into their states.

The proposed measure represents the United States government's newest attempt to embrace cryptocurrencies. The stablecoin legislation bill Pat Toomey, an outgoing senator from Pennsylvania, introduced in December 2022 will serve as a model for more accommodative crypto laws in the near future.

Article Credit: Crypto.News

Join thousands of investors, Bitcoin B2B and Institutional at the World's Largest Bitcoin Mining Conference & Expo- Mining Disrupt July 25-27, 2023 in Miami. Get your Tickets now at https://miningdisrupt.com

Chat, Network and Connect with many thousands of Miners and Professionals on the official Mining Disrupt Telegram Group: https://t.me/MiningDisruptOfficial

Mining Disrupt email: conference@miningdisrupt.com


Comments

Post a Comment

Popular posts from this blog

Eureka Digital Mining Signs Distribution Agreement with Green Hash Co.

By
Eureka Digital Mining Signs Distribution Agreement with Green Hash Co. October 25, 2023, at the Blockchain Life 2023 exhibition in Dubai UAE- Shenzen Green Hash Co Ltd. and Eureka Digital Mining Inc. officially signed a strategic cooperation agreement for the distribution of their industry leading direct chip cooler hydro mining infrastructure to the North American mining market and select global projects / clientele. "We are very excited for his amazing partnership, expanding upon our commitment to the bitcoin mining community to deliver the most efficient and innovative solutions in the immersion and now direct chip cooling space. Green Hash's premier line of hydro products will allow us to continue to deliver smart and highly efficient mining systems to our client base as they prepare for the halving" says Bryan Davies, President of Eureka Digital Mining.  George Duran, President of Green Hash states "Green Hash's strengths are in: research and design, enginee...
Post a Comment
Read more

A Joint Venture Between Atlas Power and Giga Energy Will Use Stranded and Flare Gas for Bitcoin Mining

By
A Joint Venture Between Atlas Power and Giga Energy Will Use Stranded and Flare Gas for Bitcoin Mining A ground-breaking joint venture to use stranded and flared gas for Bitcoin mining operations has been announced by Atlas Power, a leading provider of Bitcoin mining infrastructure led by CEO Kevin Washington and COO Jeff Young, and Giga Energy, a pioneer in cutting-edge gas-to-energy solutions founded by Brent Whitehead and Matt Lohstroh. This alliance hopes to capitalize on the rising demand for eco-friendly and effective Bitcoin mining solutions while addressing environmental issues related to gas flaring. In the joint venture, Atlas Power will supply cutting-edge Bitcoin mining equipment, and Giga Energy will offer its knowledge in capturing and converting flare gas into power. Through their cooperation, the businesses are able to conserve a resource that would otherwise be wasted, lower their greenhouse gas emissions, and profit from the energy-intensive Bitcoin mining process. Th...
Post a Comment
Read more

Revolutionary Bitcoin Mining Product from Zebacus is Released - Zebacus Pool

By
Revolutionary Bitcoin Mining Product from Zebacus is Released - Zebacus Pool The cutting-edge cryptocurrency platform Zebacus has introduced a brand-new Bitcoin mining service called Zebacus Pool. Based on the current price of Bitcoin, this dynamic platform offers traders the chance to purchase terahash with a projected return of less than two years. Zebacus offers $5 worth of bitcoin terahashes as part of its launch promotion, which are displayed on the dashboard after registration. Zebacus wants to provide its users with a global one-stop shop for bitcoin solutions. Zebacus is creating a variety of goods and services to meet the demands of its consumers with the aim of supplying cutting-edge technology to expedite crypto transactions. One of Zebacus' main services is its bitcoin mining platform, which is operational and accessible to those that are interested in cryptocurrencies. The mining platform offers consumers a practical way to take part in Bitcoin mining. Zebacus intends ...
Post a Comment
Read more