Arkansas foreign Bitcoin mining ownership law stays blocked as appeals court weighs case

The Eighth Circuit is considering whether to lift an injunction that keeps Arkansas from enforcing its ban on certain foreign-controlled crypto mining operations Arkansas wanted to keep certain foreign-controlled companies out of its Bitcoin mining industry. For now, the federal courts are keeping that plan on the shelf. The state’s restrictions on foreign ownership of digital asset mining operations remain blocked. The US Court of Appeals for the Eighth Circuit is deciding whether that block should stay in place. The fight centers on two state laws: Act 636 from 2023 and Act 174 from 2024. Together, they bar businesses controlled by foreign parties tied to countries on the US International Traffic in Arms Regulations list from holding interests in local digital asset mining enterprises.

First reported by Crypto Briefing. This page is a short excerpt; the full text is theirs.