Montana’s ‘right to mine’ crypto bill passes the House

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

A bill aimed at enshrining the rights of crypto miners in the state of Montana has been passed in the state's House of Representatives. The bill, which prohibits local authorities from obstructing crypto mining operations, was passed with a 64-35 vote during the third reading held on 12 April.

A bill aimed at enshrining the rights of crypto miners in the state of Montana has been passed in the state’s House of Representatives.

A bill aimed at enshrining the rights of crypto miners in the state of Montana in the United States hasits third reading by a 64-35 vote in the state’s House of Representatives, bringing it one step closer to becoming law pending the governor’s signature. The bill seeks to establish a “digital asset mining right” and prevent discriminatory electricity rates charged to cryptocurrency miners. It also aims to safeguard mining operations that take place “at home” and remove the authority of local governments to use zoning laws to impede crypto-mining activities.

In comparison to the initial draft, the updated version of the legislation contains one important modification. The previous version of section three of the legislation was nearly three full pages long and included various articles unrelated to crypto mining.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Montana close to becoming first U.S. state to completely ban TikTokThe move is bound to face legal challenges, but it also serves as a testing ground for the TikTok-free America that many national lawmakers have envisioned
Source: globeandmail - 🏆 5. / 92 Read more »