Montana’s state senate handed a invoice on Feb. 23 to guard people’ and companies’ proper to interact in cryptocurrency mining.
The invoice particularly goals to stop the federal government from imposing larger electrical energy charges on crypto miners and imposing extra taxes on cryptocurrencies. It additionally seeks to make sure that mining companies can function in industrial zones and that particular person miners can function in residential areas (with an exception for noise complaints).
The invoice handed with 37 votes in favor and 13 votes opposed.
It was backed by Dennis Porter, CEO and co-founder of the Satoshi Motion Fund. Porter wrote right now that the invoice should now move in the home and be signed by the governor.
The professional-crypto invoice could counteract an earlier Missoula County legislation that has launched new environmental zoning rules and impacts mining.
Montana seems to be a fairly well-liked vacation spot for industrial crypto miners. Corporations together with Madison River Fairness, Marathon Digital, Atlas Energy, Bitzero, and Venture Spokane have operated, tried to function, or previously operated within the state.
Different states have tried to limit or liberalize crypto mining legal guidelines. In mid-2022, New York handed a invoice to limit crypto mining. In the meantime, Mississippi handed a invoice to stop discriminatory mining legal guidelines earlier this 12 months.
