Over the last couple of years, the US government has tried to tighten its grip on different sectors of the crypto industry. As a result, these efforts have received significant backlash from politicians and central figures within the crypto space.
This week, another crackdown on the crypto industry occurred after Arkansas lawmakers approved two bills to address criticism over previous regulations on mining operations.
New Crypto Mining Regulations In Arkansas
News media outlet The Associated Press (AP) reported on Wednesday that Arkansas’ House of Representatives gave final approval to two bills related to crypto mining operations in the state.
The two Senate-backed bills, SB78 and SB79, were among the few non-budget subjects on the legislative session’s agenda and were “overwhelmingly approved” by the majority Republican House. They are on their way to Republican Governor Sarah Huckabee Sanders’s desk.
Last year, Arkansas lawmakers faced backlash after approving
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