Arizona’s Bitcoin Mining Bill Advances to Governor’s Desk

Arizona is a step closer to lock legal protection for crypto -my workers and blockchain nodes operators.

The state legislator was hired on Thursday HB 2342A bill that operates Bitcoin mines, protects or blockchain nodes at home of zoning plans and user restrictions imposed by cities or provinces.

The Senate of Arizona has cleared the bill in a narrow 17–12 mood and is now going to Governor Katie Hobbs for definitive approval.

Introduced in January by Rep. Teresa Martinez (R), HB 2342 changes the laws of Arizona to make the use of computational power in homes a matter of ‘state care’ throughout the state, effective stripping of local governments of the legal authority in this area.

By defining “Computational Power” to record blockchain operations such as mining and running nodes, the bill also focuses on artificial intelligence workload, cloud computing and powerful scientific research carried out with home setups.

The progress of the bill is part of Arizona’s broader crypto-forward attitude, because it pops up as a national leader among American states who are experimenting with sovereign crypto-adoption.

Last month, legislators push forward Two additional proposals, the Strategic digital assets reserve account (SB 1373) and the Arizona Strategic Bitcoin Reserve Act (SB 1025).

If signed in the law, these accounts would enable Arizona to build digital assets managed by the State, including the use of seized crypto and investing up to 10% of the state treasury or pension funds in Bitcoin.

About 26 states have introduced similar Bitcoin -Reserve accounts, but Arizona comes closest to a cross line, according to facts From the reserve tracker of Bitcoin Laws’ Reserve Tracker.

Racing neighboring countries to keep up. Texas passed His own senate version of a Bitcoin Reserve Bill (SB-21) last month, while Oklahoma’s HB 1203 sailed through The house 77-15 and wait for a senate voice.

In the meantime, Kentucky recently took a different route, HB 701 signing the law To formally protect and clarify the self-custodied crypto and to clarify that mining and deployment activities are not effects or money transfer.

Published by Sebastian Sinclair