New Right-to-Mine Laws Safeguard Bitcoin Mining in the US

Summary:
Several U.S. states, including Montana, Mississippi, Oklahoma, and Arkansas, have passed Right-to-Mine laws to support the Bitcoin mining industry by protecting miners from predatory practices such as overcharged electricity costs. These laws aim to prevent local governments from using zoning laws to restrict mining operations and provide miners with tax exemptions and other benefits.
Texas, a notable example, has embedded various crypto-friendly laws into its constitution and recently passed two bills—SB 1929, which requires large-scale miners to register with the Public Utilities Commission, and HB 591, which offers tax exemptions for using otherwise wasted gas.
The Satoshi Action Fund has been instrumental in promoting these laws, advocating for protections against local regulations and oversight. The major challenges facing these laws include Bitcoin mining’s high energy consumption and the noise pollution caused by mining rigs.
The passage of these laws is expected to have a significant impact on the Bitcoin mining industry by fostering wider adoption, attracting more crypto businesses, and driving innovation. While a few states have already implemented these laws, more states are in the process of proposing and voting on similar legislation.