- Arkansas Senate Committee rejects bill to ban crypto mining near military facilities.
- The bill was introduced to prohibit crypto mining businesses, assuming they pose a threat to national security.
The Arkansas Senate Committee rejected a bill that is set out to ban crypto mining businesses near military zones in the state. It prohibits all the crypto mining business within a 30 mile radius from these facilities. With 6 votes out of 7 opposing the bill terms, the Senate Committee finally rejected the bill.
The proposed bill also included an emergency clause for immediate implementation of its terms. It not only advises to prohibit upcoming crypto mining businesses but also to revoke the existing mining operations around these areas.
The bill listed out several concerns in regards to crypto mining operations. Some of them are national security risks, noise pollution, and sustainability. It further says that the bill is necessary to ensure the health and safety of the State of Arkansas and its citizens.
Crypto Mining Faces Challenges in the United States
Former US President Joe Biden issued an order to ban crypto mining firm, Mine One Partners Limited. This company has a majority of ownership from China and operating near an Air Force base imposed risks to national security. While this scenario might be justified, all the crypto mining operations may not pose this kind of risk.
President Donald Trump has promised to support the crypto mining industry. The United States accounts for more than 40% of the crypto mining and Trump would like to mine all of future Bitcoin in the country.
Crypto mining imposes risk to environmental sustainability with its consumption of high power and production of environmental waste. However, Trump’s presidency is more focused on making the country a global leader in all aspects than climate change.
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