Mississippi and Missouri lawmakers have introduced bills to protect and encourage bitcoin (BTC) mining operations and node operators in their states.
Legal protection for bitcoin (BTC) mining
Legislators from two US states, Mississippi Y Missourihave moved to take advantage of the rise of blockchain technology by proposing new legislation to legally protect the right of its residents to mine bitcoin (BTC) and engage in node execution operations.
The bills are reportedly being reviewed by the Houses and Senates of the two states, with lawmakers expected to vote on the proposed legislation soon. Sen. Josh Harkins, Rep. Jody Steverson of Mississippi and Rep. Phil Christofanelli of the Missouri House of Representatives are sponsors of the legislation.
The structure of both bills was inspired by the non-profit bitcoin mining advocacy organization, sat downeitherAction Fund shiand specify that it is completely legal to own and operate mining nodes both in private residences and on an industrial scale.
In addition, the proposed legislation will protect miners in the states from “discriminatory energy rates,” political subdivisions that try to establish a different set of zoning rules that don’t apply to other data centers in the state, and so on. .
Dennis Porter, CEO and founder of the Satoshi Action Fund, urged residents of the states to view the new development as an opportunity to become active participants in the “bitcoin boom.”
“Mining facilities are often built in rural parts of the United States. We hope that Missouri and Mississippi see this potential and begin to open up their states to Bitcoin mining businesses.”
Dennis Porter, CEO and founder of the Satoshi Action Fund.
The proposed bill becomes the latest effort by the US government to jump on the crypto bandwagon. In December 2022, outgoing Pennsylvania Senator Pat Toomey introduced a bill focused on stablecoin legislation, which will serve as a blueprint for looser crypto laws in the near future.
