Legislators of American states Mississippi And Missouri has introduced bills that seek to legally protect the rights of its citizens to operate a Bitcoin node and mine BTC.
Bills have been introduced in both the respective state houses and senates, with Sen. Josh Harkins (R) and Rep. Judy Steverson (R) leading the movement within Mississippi. Missouri Rep. Phil Cristofanelli (R) introduced his own bill in the House. The language is used in both state bills. Satoshi Action Fund. Among the clear rights to nodes and mining, the bills also contain language prohibiting:
- State political subdivisions create requirements that are inconsistent with other data center requirements, and change the zoning of bitcoin miners without proper notice.
- Outlawing discriminatory energy rates directed at Bitcoin miners.
- Noise ordinances directed at mining facilities that do not conform to other sound ordinances within the community.
- The process of transmitting money to operating nodes or miners is considered.
Just yesterday, a New Hampshire Commission recommended That the state Department of Energy investigates how bitcoin mining can be integrated into statewide energy grids. In addition to this recommendation, A Report continues In November 2022 members of the Texas Legislature were instructed to recommend making Bitcoin an authorized investment for the state, while giving tax incentives to local BTC miners.
“I see an opportunity for states that were left out of the tech boom to have a real shot at participating in the bitcoin boom,” commented Dennis Porter, CEO and founder of the Satoshi Action Fund. ” “Mining facilities are often built in rural parts of the US. We hope Missouri and Mississippi see this potential and start opening their states to bitcoin mining businesses.
All these reports point to the growing interest of states across the US in how they can benefit from adopting Bitcoin and using Bitcoin mining in their energy networks. Continued political action by the likes of Bitcoin Policy Institute And the Satoshi Action Fund contributes heavily to the education of legislators.
“Now that these bills have been drafted and introduced, we must continue the education process for the elected leaders of the state of Mississippi,” Porter said.
Regarding the concerns raised by Bitcoiners about stability Regarding hash rates in North American jurisdictions, Porter said, “The stability of mining is a concern, but it’s much less of a concern than the stability of the nodes. The nodes and users of the Bitcoin network. are under control. Blocksize Wars proved it. However, the extreme concentration of mining can pose a risk. We at Satoshi Action strongly support increasing the hash rate outside of the US and North America.
Eric Patterson, director of policy at the Satoshi Act Fund, is also working to advise Mississippi. He explains how “because of its unique characteristics, bitcoin miners are looking to expand their footprint in the state. Legislators can look at the opportunities these miners bring, especially But with regard to creating jobs in rural areas.
If the bills are enacted, they could contribute to increased interest from state governments, which Patterson appears to be leaning towards. “The most important concept for lawmakers to understand is that bitcoin is not going away anytime soon,” he said. “Even if states don’t withdraw from this industry, they need to have a working regulatory framework for it and ensure that the businesses that operate in that state are able to operate in their state long-term. Can do.”
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