New Arkansas laws regulate cryptocurrency mining

Arkansas Governor Sarah Huckabee Sanders has recently signed two laws aimed at regulating cryptocurrency mining in the state. This decision comes after months of complaints from lawmakers and residents, particularly in rural communities like Bono near Greenbrier.

One of the primary advocates for mining regulation is Gladys Anderson, a resident who lives near a crypto mine in Bono. She has been vocal about the disruptive noise and environmental concerns caused by the mining operations. Anderson’s story gained national attention when she described the noise as “torture” during an interview with CBS News.

The criticisms of cryptocurrency mining in Arkansas revolve around the excessive noise, environmental impact, and foreign ownership ties of the mines. Senator Joshua Bryant, who championed one of the bills, emphasized the need for state oversight to prevent arbitrary bans on mining operations. He compared the regulation to previous state frameworks for industries like auto racing and gas compressors.

The new laws require mining operations to comply with noise ordinances, maintain a certain distance from residences, and avoid foreign-controlled ownership. Violations of these regulations will result in civil penalties. However, some lawmakers, like Representative Andrew Collins, have raised concerns about the ban on foreign ownership, citing potential discrimination and lack of evidence linking mining to specific governments.

Despite the new regulations, concerns remain about the effectiveness of noise reduction techniques and the enforcement of industry standards. Residents like Gladys Anderson, who have been directly impacted by the noise from crypto mines, are skeptical about the laws’ ability to address the root issues. Some residents have even resorted to legal action to address the noise disturbances.

Overall, the debate over cryptocurrency mining in Arkansas reflects a broader discussion about balancing economic interests with environmental and community concerns. While the new laws aim to provide some level of oversight and regulation, the effectiveness of these measures in addressing the concerns of residents like Gladys Anderson remains to be seen. “The Benefits of Regular Exercise”

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