Disruption

Ark. lawmaker proposes repeal of new crypto mining law

Sen. Bryan King (R) calls it a ‘snake bite bill.’
FILE – The Greenidge Generation bitcoin mining facility, in a former coal plant by Seneca Lake in Dresden, New York, is shown in this photo from Nov. 29, 2021. (AP Photo/Ted Shaffrey, File)

Buyer’s remorse over legislation that Arkansas lawmakers fast-tracked to encourage cryptocurrency mining in the state has led a state senator to call for a special session to repeal the Arkansas Data Centers Act of 2023.

“I call it a snake bite bill,” Sen. Bryan King (R) told Pluribus News. “You didn’t know about it until you get out of session … and then you get bit.”

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