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Posts tagged
'bitcoin'

Two crypto mine regulations pass Senate; more aggressive proposals are likely dead

A couple of bills regulating noisy, electricity-guzzling crypto mines are still alive. Six tougher proposals are now likely dead. The two moving forward address many key concerns, but some fear that they seem to have the backing of the crypto industry.
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Democrats could save them, but prospects look dim for stricter crypto mine regulation measures

Six resolutions on crypto mine regulation sponsored by Sen. Bryan King could get new life in the House today, but it looks like they don't have the votes.
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Democratic leadership defends vote that helped kill six crypto regulation resolutions

Why didn't most Democrats back proposals that would have enacted maximal regulation on the crypto mining industry? Here's their reasoning.

Senate committee approves two bills to regulate cryptocurrency mining

An Arkansas Senate committee unanimously approved two bills Thursday that would regulate cryptocurrency mining operations, and the committee will reconvene Tuesday to hear more public comment on the policies.
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House approves two proposals for crypto mining regulation, rejects six others

The House today approved two proposals regarding crypto mines but rejected six others. The rabid right-winger David Ray led the charge against the most aggressive resolutions; strangely, most Democrats voted Present, helping Ray block consideration.

Eight resolutions on crypto mines advance out of House committee

Colorful testimony served as a preview of the potential for political fireworks if lawmakers fail to take action to give local communities protection from crypto mines — or cave to lobbyists with a phony fig leaf.
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Resolution to impose energy fees on crypto mines gets Senate approval for consideration

The second time was a charm for Senate Resolution 11, Sen. Bryan King's proposal to impose fees on crytpo mines for excessive energy usage.

King may try again to impose usage fee on bitcoin mines

The question now, Sen. Bryan King says, is whether lawmakers are "going to protect environmental-destroying billion dollar companies from regulation and responsibility."
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"It's bad for everything": Citizens group from Arkansas County ready to fight back against crypto mines

Give this video a watch. Legislators hoping to dodge the issue would be wise to hear what these residents of Arkansas County have to say.

Crypto at the Capitol: Legislature revisiting bitcoin mining after complaints from local residents

Some lawmakers are now expressing regret over a Bitcoin mining bill passed last year, with locals expressing concern over noise pollution and heavy energy and water usage.
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Arkansas AG investigating two companies with China connections

Arkansas’ attorney general is investigating two companies with foreign connections that may be in violation of a 2023 state law, including one business that was supported by former Gov. Asa Hutchinson.

KUAF listens in on Arkansas's screaming crypto mines

What do these infernal bitcoin mines sound like? Imagine a high-pitched “screeeeeeeee” and a breathy “WAAAAAH” at the same time.
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