Perhaps the new bill is protecting Bitcoin mining for future purposes. They are tracking records for the transaction. The Arkansas data centers act is proceeding forward for approval from the governor. If this bill passes then the crypto miners would have the same accessibility as the data centers.
The bill has passed initially.
The Bill For Bitcoin Has Passes In The State
The bill for Bitcoin has passed in Arkansas City. The bill has passed in the state House of Representatives and Senate. Now the bill is on its way to the governor’s office.
The bill’s motive is to keep track of the records of the Bitcoin miners. And to create healthy boundaries which would protect Bitcoin from discrimination and unnecessary taxes.
The legislature of Arkansas City has passed the bill and is in the process of effecting it immediately. The bill was proposed on 30th March 2023, by Senator Joshua Bryant.
The bill for Bitcoin also focused on paying taxes and other fees regarding government, in acceptable currency. The creator of the bill perhaps tried to make all the payments in all sectors hassle-free. The bill would operate in such a manner that no one has stress on public utility generation capabilities or transmission networks.
The bill would recognize the crypto miners just like they have been doing for the data centers. They also impose that no government should be intervening with the bill, nor they would propose a different kind of requirements for a digital asset mining business. The data center regulations and the miners’ assets should be the same.
The same thing happened in Montana where the government passed a bill to protect crypto miners, who operate from within.
