Nebraska Lawmakers Approve Crypto Mining Limits in Final Reading - adtechsolutions

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Nebraska Lawmakers Approve Crypto Mining Limits in Final Reading



Briefly

  • Nebraska legislators unanimously passed 526 LB, demanding from large crypto miners to cover the costs of infrastructure, report energy consumption and accept the interruptions of the services.
  • The account of the target on surgery with 1 megawatt or more power and provides the utility services of a broad authority to manage the influence of the network, waiting for the governor’s decision.
  • Nebraska joins the increasing number of countries that pour control, because others, like Arizona and Kentucky, extend legal protection for miners and cryptocurrency owners.

The KRIPTO miners in Nebraska may soon face new regulations after state legislators unanimously adopted a proposal for the law intended to maintain large responsibility for their impact on state energy infrastructure.

LB 526who cleared his final reading On Tuesday with 49-0 votes, now referred to the desk of Governor Jim Pillen for approval. If passed, the law would enter into force on October 1 this year.

Presented by state senator Mike Jacobson (R-NEB) in January, the legislation targets the institutions consumed by one megavat or more electricity. This threshold seeks to capture all the primary commercial mining operations, not a small hobbyist.

If they sign in the law, the bill requires these miners to pay the infrastructure of the upgrade that their surgery requires, they publicly report their annual energy consumption and agree to interrupt their electricity service during the network stress period.

The proposed law gives public suppliers of electricity, including municipal utility services and district public powers, powers to conduct a load study before imposing these requirements.

Suppliers must ensure that measures are honest and undiscriminatory, but their language gives them a wide discretion to manage growing energy -related energy needs crypto mining.

Divided into a crypto mining

Progress LB 526 comes because states across the United States take different approaches to the crypto regulation of mining.

President Donald Trump, during his 2024 campaign, advocates For the rest of Bitcoin, a fixed supply that is mined within the US borders, calling it key to achieving “energy dominance” and protection against the increase in the digital currency of the central bank.

Only last month, Arizona brought HB 2342, which protects miners at home and blockchain node operators from local zoning restrictions, proclaiming such activities by question throughout the country.

Meanwhile, Kentucky signed the law In March, which formally protects users who are self -sufficient crypto and confirm that mining and investment are not considered value papers.

The next step in the legislative process of Nebraska is his executive review. The governor has five legislative days, excluding Sunday, in order to sign or veto at a law.

If he does not take the measures, the bill will automatically become a law without his signature. From now on, the Governor’s Office did not comment on LB 526. He did not immediately respond to Decipherptic Request for comment.

Edited Sebastian Sinclair

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