Legislators from two U.S. states, Mississippi and Missouri, have moved to take benefit of the emergence of blockchain technology by means of proposing new regulation to legally protect their residents’ right to mine bitcoin (BTC) and interact in node-running operations.
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Per reports, the bills are being reviewed through the Houses and Senates of the two states, with lawmakers anticipated to vote on the proposed regulation soon. Sen. Josh Harkins, Rep. Jody Steverson for Mississippi, and Rep. Phil Christofanelli for the Missouri House are the sponsors of the legislation.
The structure of both bills used to be stimulated through the non-profit bitcoin mining advocacy organization, Satoshi Action Fund, and they particularly state that it is completely prison to personal and operate mining nodes each in personal residences and at an industrial scale.
In addition, the proposed rules will shield miners in the states from “discriminatory energy rates,” political subdivisions attempting to set a distinctive set of regulations concerning zoning which do not follow to other data centers in the state, and so on.
Dennis Porter, who is the CEO and founder of the Satoshi Action Fund, entreated residents of the states to see the new improvement as an chance to become energetic individuals in the “bitcoin boom.”
“Mining facilities often get built in rural parts of America. We hope Missouri and Mississippi see this potential and begin opening up their states to Bitcoin mining businesses," said Dennis Porter, CEO and Founder, Satoshi Action Fund.