Missouri has joined the growing number of states offering robust protections for cryptocurrency mining with the recent passage of the Digital Asset Mining Protection Act. This landmark legislation safeguards both home and corporate crypto mining operations, solidifying Missouri\'s position as a crypto-friendly state.
On Tuesday, Missouri lawmakers voted to amend house bill 764, creating new sections specifically designed to define and protect digital asset mining activities. The final result is a bill cited as the “Digital Asset Mining Protection Act,” and its core function is protecting the rights of crypto miners within the state. This protection extends to the very foundation of blockchain technology by prohibiting the state from prohibiting running nodes. Missouri Passes New Crypto Mining Bill, creating a welcoming environment for innovation and investment in the digital asset space.
The implications of the Digital Asset Mining Protection Act are far-reaching. Specifically, the legislation restricts energy companies from discriminatory practices against crypto miners. The adopted legislation, sometimes called "Right to Mine Bitcoin," reflects a broader trend of states recognizing the importance of cryptocurrency and the need to create a clear and supportive regulatory framework. The act creates the Digital Asset Mining Protection ACt which prohibits the state and political subdivisions from the following actions with respect to digital asset mining: Prohibiting the state and its political subdivisions from enacting regulations that single out digital asset mining operations.
The state of Missouri has unanimously passed a bill to protect the rights of bitcoin miners, demonstrating a strong bipartisan consensus on the importance of fostering a thriving digital economy. This bill, Missouri passes Digital Asset Mining Protection Act to protect home and corporate crypto mining operations, aims to attract further investment and innovation in the blockchain sector, making Missouri a key player in the future of digital finance.