Arkansas Senate committee approves two bills to regulate cryptocurrency mining

An Arkansas Senate committee unanimously approved two bills Thursday that would regulate cryptocurrency mining operations, and the committee will reconvene Tuesday to hear more public comment on the policies.

There are crypto mines in DeWitt and in the Bono community near Greenbrier, and officials have raised concerns over foreign ownership and whether the mines pose a national security risk. Additionally, Greenbrier-area residents have filed a lawsuit claiming noise pollution from the local crypto mine, which is in Irvin’s district.

Bryant’s bill, Senate Bill 78, would place noise limits on Arkansas crypto mines, prohibit them from being owned by certain foreign entities and allow local governments to pass ordinances regulating the mines.

The bill’s listed options for noise regulations include “using liquid cooling or submerged cooling” techniques, sealing computers into structures that minimize the sound heard outside, and being located at least 2,000 feet away from “the nearest residential or commercial structure.”

Residents or business owners within 2,000 feet of a crypto mine would be able to seek legal remedies regarding noise complaints in county circuit courts, Bryant said.