Rep. Josh Miller

Maddy summaryThis bill is a procedural resolution that authorizes a Senator to introduce legislation requiring digital asset mining businesses to notify state and local officials before acquiring land or starting construction of mining facilities. The proposed law would mandate that these companies file a written notice with the Arkansas Public Service Commission and the relevant local government at least six months prior to purchasing, leasing, or beginning work on a site. This requirement aims to ensure transparency and allow authorities time to review planned developments before they proceed. Because the resolution failed to pass in the House, it does not become law and has no immediate effect.

Maddy summaryThis bill authorizes a new law that would require individuals and businesses operating home digital asset mining operations or data centers in Arkansas to obtain a money transmitter license. Currently, these activities were exempt from licensing requirements under state law, but the proposed changes would remove that exemption and classify them as money transmission services. The legislation sets a deadline of September 1, 2024, for existing operators to apply for the necessary licenses before the new rules take full effect.