With the crypto industry evolving, some entities still have a different view of the ecosystem. While some believe it’s all a scam, some see great potential and believe the industry has a bright future.
In today’s news, the western state of Montana is part of the few who believe in the latter. On Thursday, the area passed a new bill addressing the protection rights of cryptocurrency miners.
Crypto Miners To Receive Freedom
The bill supporting crypto miners comes at a time when crypto traders are at risk of discrimination. In a new bill, the Montana state senate proposed that crypto miners should be given “the right to mine digital assets.”
In addition, the senate also proposed that the bill would prohibit discrimination against crypto miners. charged electricity rates as well as protecting residential mining actions. Furthermore, the bill also aims to neutralize the power of the governmento limit mining at home or use zoning laws to close active crypto mining operations.
Overall, the proposed bill is said to also favor the bill proposed by Missoula that was recently passed in 2020. The bill recommends that all bitcoin miners in the country buy or build renewable energy assets in line with the amount of energy they consume.
So far, Montana’s bill has only received 37 votes and about 13 against. If the bill is passed by the House of Representatives, it must proceed to the final stage of being confirmed into law after receiving the signature of Governor Greg Gianforte.
After the approval of the bill by the House, the law that causes an additional tax on the use of cryptocurrency as a payment method will end. In addition, digital assets such as crypto as well nonfungible tokens (NFTs) will be marked as “personal property” like other financial products like bonds and stocks.
Speaking of crypto miners, the state of Montana isn’t the only area that’s acting for them. Last week, the The Mississippi Senate also passed a bill with the same intent. The bill allows the installation of crypto-mining equipment in various zones without discrimination.
Increasing Interest In Bitcoin
The cryptocurrency industry has grown significantly over the past few years which has attracted major companies outside of the industry. Earlier this year in January, Strike, a leading digital wallet built on the lightning network launch a pilot integration with giant POS, Semanggi to allow merchants to receive Bitcoin payments through the lightning network.
Back to crypto miners, on May 10, 2022, the Norwegian parliament voted against the proposed ban on Bitcoin mining in the area. A communist party in Norway called the Red Party initially proposed a plan to restrict Bitcoin mining activities.
While the interest and adoption of Bitcoin only continues to increase, the asset has so far shown calmness after a significant decline from the $69,000 seen in November 2021.
At the time of writing, BTC is currently preparing for a bullish trend with a trading price of $23,887 up 1% in the last 24 hours after a slight pullback from yesterday.
Featured images from Unsplash, Charts from TradingView