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Author: Admin | 2025-04-28
Be acted on,” Clark said. YOU MAKE OUR WORK POSSIBLE. Seven of the eight proposed crypto resolutions passed the Senate. King sponsored six of the resolutions, including the one that did not pass.The following resolutions will go to the House floor Monday:Senate Resolution 5, sponsored by Sen. Joshua Bryant, R-Rogers, would place noise limits on Arkansas crypto mines and prohibit them from being owned by foreign entities. It passed with 28 votes.Senate Resolution 12, sponsored by King, would ban the use of computers or software manufactured by foreign entities in crypto mining in Arkansas. It passed with 26 votes.Senate Resolution 13, sponsored by King, would require people who engage in crypto mining to be licensed money transmitters under the state’s Uniform Money Services Act. It passed with 27 votes.Senate Resolution 14, sponsored by King, would require the Arkansas Natural Resources Commission to monitor crypto mines’ water usage and administer consequences to any mine that “threatens the critical groundwater supplies of this state through an excessive use of water.” It passed with 28 votes.Senate Resolution 15, sponsored by King, would require at least six months’ advance notice before buying or leasing any land or buildings used for crypto mines. It passed with 27 votes.Senate Resolution 16, sponsored by King, would allow local governments to regulate crypto mines and would prohibit ownership of the mines by the list of foreign countries from which the federal International Traffic in Arms Regulations bans imports and exports. It passed with 24 votes.Senate Resolution 17, sponsored by Sen. Missy Irvin, R-Mountain View, would require crypto mines to be licensed by the state Department of Energy and Environment. It would also require the department to inform legislative committees of its crypto mine regulation methods. It passed with 25 votes. The Arkansas Senate on April 11, 2024 passed
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