Bitcoin mining bill in Arizona is submitting to the ruler’s office

Arizona is a single step from locking in legal protection for cryptocurrencies and Blockchain operators.

On Thursday, the state legislative body was issued HB 2342A draft law that protects individuals who compensate Bitcoin or runs the Blockchain contract at home from the restrictions of division and use imposed by cities or provinces.

The draft law has cleared the Senate in Arizona in a tight vote 12-12 and is now heading to Governor Katie Hobbes for the final approval.

HB 2342 was introduced in January by Representative Theresa Martinez (R), amending Arizona’s laws to use the accounting authority in housing a matter of “concern at the state level”, actually stripping local governments in this field in this field.

Determine the “mathematical power” on a large scale to include Blockchain operations such as mining and contract operation, the draft law also targets the burdens of artificial intelligence, cloud computing and high -performance scientific research that is made of home settings.

The progress of the draft law is part of Arizona’s broader position on encryption, as it appears as a national leader between the American states that try to adopt encryption at the sovereign level.

Last month, legislators lunge Two complementary proposals, Strategic digital asset reserve bill (SB 1373) and Bitcoin strategic law in Arizona state (SB 1025).

If they are signed in the law, these bills will allow Arizona to build reserves of the state -run digital assets, including the use of seized encryption and the investment of up to 10 % of the Ministry of Governmental Treasury or pension funds in Bitcoin.

Almost 26 states have provided similar Bitcoin reserve bills, but Arizona is the closest to getting one on the finish line, according to what I mentioned Data From Bitcoin Laws Bill.

The neighboring countries are racing to keep up with. Texas Pass Its copies of the Senate from the Bitcoin Backup Bill (SB-21) last month, while HB is 1203 Oklahoma Sail Her house is 77-15 and the Senate is awaited.

Meanwhile, Kentucky recently took a different path, HB 701 in the law To officially protect the self -warehouse and clarify that mining and mining activities are not securities or money transfer.

Edit Sebastian Senkler