Missouri Protects Crypto and Bitcoin Mining with New Bill
Missouri, a state in the US, has taken a significant step in safeguarding the cryptocurrency industry with the passage of a new law called the Digital Assets Mining Protection Act. This law was signed into law today after being approved by the state legislature with a 12-0 majority decision in its favour. It was supported by members of both the Republican and Democratic parties.
Missouri Passes Digital Assets Mining Protection Act to Safeguard Crypto and Bitcoin Mining
The law seeks to protect the rights of cryptocurrency miners in Missouri by prohibiting energy providers from charging discriminatory prices. It is based on cryptocurrency mining activity compared to other industrial processes. The legislation will go a long way in securing the future of cryptocurrency and Bitcoin mining in Missouri. It is a significant breakthrough for the industry.
The cryptocurrency mining sector is a crucial component of digital assets. As a result, the protection of the industry has become an essential activity for the crypto industry to continue to make progress. However, energy corporations and certain states have taken a stance against the movement. Moreover, it will make it difficult for the sector to operate efficiently. With the passing of this new law in Missouri, the sector will now be able to operate without the threat of discriminatory rates and fees imposed by energy providers.
The Satoshi Action Fund, a non-profit organization dedicated to supporting the regulation of digital products and training of parliamentarians, was instrumental in securing the passage of the law. The group’s chief executive officer, Dennis Porter, praised the law’s passage, stating that it is a significant breakthrough for the cryptocurrency industry. Furthermore, it will help secure the future of the sector in Missouri.
Missouri Protects Crypto Mining Industry with New Digital Assets Mining Protection Act
The new law in Missouri follows recent legislation in the state of Montana concerning the right to mine crypto assets. These legislative breakthroughs demonstrate the growing recognition of the importance of the cryptocurrency industry and the need to protect it from discriminatory practices.
What’s more, The passing of the Digital Assets Mining Protection Act in Missouri is a significant step in securing the future of cryptocurrency and Bitcoin mining in the state. It will protect cryptocurrency miners and ensure that they can operate without the threat of discriminatory rates and fees imposed by energy providers. The law’s passage is a significant breakthrough for the cryptocurrency industry. Moreover, it demonstrates the growing recognition of its importance.
