Arkansas House of Representatives passes bill to restrict cryptocurrency mining activities

The Arkansas State Legislature has passed two bills that could restrict cryptocurrency mining in the state. During an April 17 Senate hearing, lawmakers sought to address general concerns such as noise abatement, foreign ownership, and the proximity of cryptocurrency mines to residential areas. Two of the eight bills submitted to the House on Wednesday passed, but the Senate approved only one bill involving cryptocurrency last week. There is considerable debate over whether Act 851 should be amended and the level of detail those amendments should include. The relevant committees will discuss the issue and then potentially pass a law in this fiscal session or the next. (Cointelegraph)