Arizona governor opposes “crypto mining” friendly bill SB-1236
Katie Hobbs pointed out many concerns related to the SB-1236 bill and noted that the bill is failing to bring interaction between crypto Mining sector & local stakeholders.
SB 1236 is a bill that was initially designed by Arizona Senator Wendy Rogers. The legislation under this bill aims to eliminate the role of state-level regulatory bodies’ involvement in the crypto mining sector and also remove state tax from crypto mining companies.
On 12 April 2023, Arizona Governor Katie Hobbs published a letter and confirmed that she vetoed the legislation proposed under bill SB 1236.
The Arizona Governor indirectly noted that the control on energy consumption & related economic activity in the state is under the control of state regulators significantly but opposite of this reality proposed bill is trying to prohibit the state regulators from “local policymaking concerning an emerging and potentially energy-intensive economic activity.”
According to Katie, bill represents blockchain definition with overloaded information.
Arkansas to Legalize Bitcoin Mining
Around a week ago, the American state of Arkansas House of Representatives and Senate passed a bill that aims to legalize crypto mining in the state. Now the bill is in the final phase to get approval from the governor’s office.
Texas to Ban Bitcoin Mining
In April of this year, a bill was passed in the Texas Senate Committee on Business and Commerce. Bill aims to kick out crypto mining activities from Texas.
These types of bills in different US states are showing that all the US states have their own different unique opinion over the crypto sector.
Recently Bitcoinik reported that increasing crypto regulatory pressure in America is forcing crypto companies to shift their operations to crypto-friendly jurisdictions.
Read also: Kraken initiates a request to withdraw $1B worth of Ethereum (Report)
