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US lawmakers are proposing laws to protect bitcoin mining

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Lawmakers in Mississippi and Missouri have introduced bills to protect and encourage bitcoin (BTC) mining operations and contract operators in their states.

Lawmakers from two US states, Mississippi and Missouri, have moved to take advantage of the rise of blockchain technology by proposing new legislation to protect the right of their residents to legally mine bitcoin (BTC) and engage in node operations.

According to reports, the bills are being reviewed by the House and Senate of the two states, and lawmakers are expected to vote on the proposed legislation soon. The sponsors of the legislation are Senator Josh Harkins, Representative Judy Steveerson of Mississippi, and Representative Phil Christofanelli of the Missouri House.

The structure of both projects was inspired by the non-profit bitcoin mining advocacy organization, Satoshi Action Fund, and they specifically state that it is perfectly legal to own and operate mining nodes in both private residences and on an industrial scale.

Additionally, the proposed legislation would protect state miners from “discriminatory power rates,” political divisions trying to make a different set of rules about zoning that don’t apply to other data centers in the state, and so on.

Dennis Porter, CEO and founder of the Satoshi Action Fund, urged residents of the states to see the new development as an opportunity to become an active participant in the “bitcoin boom.”

Mining facilities are often built in rural parts of America. We hope that Missouri and Mississippi will see this potential and start opening their states to bitcoin mining.”

Dennis Porter, CEO and Founder, Satoshi Action Fund.

The proposed bill has become the latest effort by the US government to jump on the crypto train. In December 2022, outgoing Pennsylvania Senator Pat Toomey introduced a bill focused on stablecoin legislation, which would serve as a blueprint for more applicable crypto laws in the near future.

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