• Bitcoin
  • Blockchain
  • Crypto
  • Metaverse
  • AltCoins
  • Business
  • Investment
  • Upcoming
What's Hot

Pro-Bitcoin Legislation Reigns Victorious In Texas This Year As The Legislative Session Ends

May 31, 2023

Sabre56 Announces New Partnership With GEM Mining To Host More Than 4,500 Bitcoin Miners

May 30, 2023

Filmmaker Alana Mediavilla On Bitcoin’s Energy Consumption, Education And Closing The Gender Gap

May 30, 2023
Facebook Twitter Instagram
  • Bitcoin

    Pro-Bitcoin Legislation Reigns Victorious In Texas This Year As The Legislative Session Ends

    May 31, 2023

    Sabre56 Announces New Partnership With GEM Mining To Host More Than 4,500 Bitcoin Miners

    May 30, 2023

    Filmmaker Alana Mediavilla On Bitcoin’s Energy Consumption, Education And Closing The Gender Gap

    May 30, 2023

    Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

    May 29, 2023

    How Bitcoin Can Preserve The Life Savings Of Refugees

    May 28, 2023
  • Blockchain

    BlockJoy raises $12M to help cut operating costs for businesses running blockchain nodes • TechCrunch

    February 2, 2023

    Blockchain Futurist Conference — Canada’s biggest crypto conference returns for fifth year

    February 2, 2023

    WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse

    February 2, 2023

    Will Polkadot’s [DOT] new parachain fix the blockchain?

    February 1, 2023

    BNB Chain Unveils 3rd Blockchain in BNB Ecosystem, Tether ‘Never Borrowed from Celsius’, Ripple Sold $226M Worth of XRP in Q4

    February 1, 2023
  • Crypto

    Crypto Donations Now Need An Appraisal

    February 2, 2023

    Bitcoin Shrugs Off Fed Rate Hike to Hit Six-Month High

    February 2, 2023

    Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    February 2, 2023

    Yates County cryptocurrency miner completes debt restructuring deal

    February 1, 2023

    How ‘King of Instagram’ Dan Bilzerian ‘made millions’ from cryptocurrency after bizarre poker deal

    February 1, 2023
  • Metaverse

    Facebook’s Metaverse Division Lost Nearly $14 Billion Dollars Last Year

    February 2, 2023

    Samsung Hints Metaverse Ambitions At Product Launch Event, Eyes Integrating Different Realities Into Premium Smartphones

    February 2, 2023

    Sanlam makes history with SA’s first media launch in the metaverse

    February 2, 2023

    Meta’s plans to expand metaverse are up and running again: Here’ how

    February 2, 2023

    RFOX VALT Launches AI-Enabled Metaverse Apartments for Sale

    February 1, 2023
  • AltCoins

    Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases

    February 2, 2023

    CAKE, SHIB And These Alt-Coins Are Trending

    February 2, 2023

    Elon Musk Wants McDonald’s to Accept Crypto Payments. Dogecoin (DOGE), Bitcoin (BTC), and Snowfall Protocol (SNW) Benefit

    February 2, 2023

    Crypto Analysts are Saying These Altcoins Have Huge Potential – Here’s Why

    February 2, 2023

    Are Cryptos Bound to Retrace Amid Recent Pump?

    February 1, 2023
  • Business

    Ray Dalio Warns Money Is in Jeopardy, Favors Inflation-Linked Crypto

    February 2, 2023

    BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

    February 2, 2023

    Bithumb’s de facto owner arrested over alleged embezzlement

    February 2, 2023

    Crypto Custody Firm Copper Alerted to Security ‘Incident’ Over Christmas

    February 1, 2023

    Cathie Wood’s Ark Invest Says Bitcoin Could Hit $1.5 Million by 2030

    February 1, 2023
  • Investment

    The Investor’s Guide to Crypto Options Trading

    February 2, 2023

    Pune software engineer loses Rs 13 lakh to crypto investment fraud

    February 2, 2023

    Crypto Investment Products’ AUM Surges as Investor Confidence Returns: CryptoCompare Report

    February 2, 2023

    Crypto Investors Can Purchase Bankruptcy Put Options to Protect Funds on Binance, Coinbase, Kraken Crypto Exchanges

    February 1, 2023

    Ethereum price forecast for February, including Morgan Stanley comments By Investing.com

    February 1, 2023
  • Upcoming

    S&P 500 rises to the highest level in five months Thursday as Meta leads a tech comeback

    February 2, 2023

    Looking For Something Different From Nubank and C6 Bank? Try Lanistar! – Sponsored Content

    February 2, 2023

    NYDFS Releases Guidance For BitLicensees And Limited Purpose Trust Companies On Asset Custody In The Wake Of Cryptocurrency Insolvencies – Financial Services

    February 2, 2023

    This Supreme Court Case Will Reverberate Throughout the Compliance and ESG World | NAVEX

    February 2, 2023

    Ethereum (ETH) Could Reclaim $2,000, Trader Says

    February 1, 2023
investorstoday.press
investorstoday.press
Home»Bitcoin»Mississippi Missouri Bills To Protect Bitcoin – Bitcoin Magazine
Bitcoin

Mississippi Missouri Bills To Protect Bitcoin – Bitcoin Magazine

maikdezana@icloud.comBy maikdezana@icloud.comJanuary 21, 2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Lawmakers from the U.S. states of Mississippi and Missouri have introduced bills that seek to legally protect their citizens’ rights to run a Bitcoin node and to mine BTC.

Excerpt of Mississippi’s bill

Excerpt of Missouri’s Bill

Excerpt of Missouri’s Bill

Bills have been submitted to both the Houses and Senates of the respective states, with Senator Josh Harkins (R) and Representative Jody Steverson (R) leading the movement within Mississippi. Representative Phil Christofanelli (R) of Missouri submitted its respective bill to the House. Both states’ bills utilize language from the Satoshi Action Fund. Amongst the explicit rights for nodes and mining, the bills also have language prohibiting: 

  • Political subdivisions of the state creating requirements which are not in line with other data center requirements, and changing the zoning of bitcoin miners without proper notice.
  • Outlawing of discriminatory energy rates directed at bitcoin miners.
  • Sound ordinances directed at mining facilities that are not in-line with other sound ordinances within the community.
  • Operating nodes or miners being considered the act of money transmitting.

Just yesterday, a New Hampshire commission recommended that the state Department of Energy investigate how bitcoin mining could be integrated into energy grids statewide. In addition to this recommendation, a report released in November 2022 directed at members of the Texas legislature recommended 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 taking part in the Bitcoin boom,” Dennis Porter, CEO and founder of the Satoshi Action Fund commented. “Mining facilities often get built in rural parts of America. We hope that Missouri and Mississippi see this potential and begin opening up their states to Bitcoin mining businesses.”

The reports all signify growing interest from states across America on how they can benefit from adopting bitcoin and utilizing bitcoin mining within their energy networks. Continued political action from the likes of Bitcoin Policy Institute and Satoshi Action Fund greatly contribute to the education of lawmakers.

“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 stated.

In regards to concerns voiced by Bitcoiners about the consolidation of hash rate in North American jurisdictions, Porter said that, “Consolidation of mining is a concern, but it is much less of a concern than consolidation of nodes. The nodes and the users of the Bitcoin network are the ones in control, the Blocksize Wars proved this. However, extreme consolidation of mining could become a risk. We at Satoshi Action strongly support the growth of hash rate outside the USA and North America.”

Eric Peterson, director of policy at the Satoshi Act Fund has also been 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 see the opportunities these miners bring, especially in terms of creating jobs in rural areas.”

If the bills are enacted, they could contribute to mounting interest from state governments, something that Peterson is seemingly leaning in on. “The most important concept for legislators to understand is that Bitcoin is not going away anytime soon,” he said. “Even if states don’t get behind the industry they need to have a working regulatory structure for it and ensure that businesses who operate in this state can do so long term in their state.”

bill LEGAL Mining Mississippi Missouri news Nodes United States
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
maikdezana@icloud.com
  • Website

Related Posts

Pro-Bitcoin Legislation Reigns Victorious In Texas This Year As The Legislative Session Ends

May 31, 2023

Sabre56 Announces New Partnership With GEM Mining To Host More Than 4,500 Bitcoin Miners

May 30, 2023

Filmmaker Alana Mediavilla On Bitcoin’s Energy Consumption, Education And Closing The Gender Gap

May 30, 2023

Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

May 29, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest crypto news

Advertisement
Demo
Top Insights

Pro-Bitcoin Legislation Reigns Victorious In Texas This Year As The Legislative Session Ends

May 31, 2023

Sabre56 Announces New Partnership With GEM Mining To Host More Than 4,500 Bitcoin Miners

May 30, 2023

Filmmaker Alana Mediavilla On Bitcoin’s Energy Consumption, Education And Closing The Gender Gap

May 30, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Categories
  • AltCoins (1,399)
  • Bitcoin (1,731)
  • Blockchain (1,384)
  • Business (1,378)
  • Crypto (1,365)
  • Investment (1,383)
  • Metaverse (1,361)
  • Upcoming (1,319)
Facebook Instagram
  • Contact Us
  • privacy policy
  • about us
© 2023 Designed by investorstoday.

Type above and press Enter to search. Press Esc to cancel.