The crypto bill in Montana for miners’ rights was successfully passed as it awaits approval from the Governor.
A crypto bill in Montana is set to bring relief to crypto miners in the state as it would ensure their rights in the state once it becomes law. The House of Representatives successfully passed the bill on April 12. The bill would ensure crypto miners in Montana are not stopped by local authorities during their mining activities. Passed by the Senate in February, the crypto bill now awaits approval from Governor Greg Gianforte.
The bill includes various safeguards for miners, including establishing a digital asset mining right and prevention of discriminatory electricity rates for the miners. It would also allow mining to take place at home and prevent authorities from causing any obstruction in their activities through zoning laws. It also prevents extra taxes on crypto and treats digital assets like crypto and stablecoins as personal property.
The positive development in Montana is just after a few days of a crypto bill being passed in the state of Arkansas, which also protected miners’ rights. It has taken a positive turn even as the entire country of the United States remains stagnant on the issue of crypto regulation. Countries like Hong Kong and Japan have taken several measures to ensure the crypto regulations ensure the growth of the crypto industry in their regions.
The law in Montana would likely encourage crypto miners to continue their activities without any fear of authorities stopping them and would only support the local crypto economy.