{"id":18422,"date":"2023-01-26T23:20:51","date_gmt":"2023-01-27T07:20:51","guid":{"rendered":"https:\/\/coinnetworknews.com\/mississippi-missouri-bills-to-protect-bitcoin-bitcoin-magazine\/"},"modified":"2023-01-26T23:20:51","modified_gmt":"2023-01-27T07:20:51","slug":"mississippi-missouri-bills-to-protect-bitcoin-bitcoin-magazine","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/mississippi-missouri-bills-to-protect-bitcoin-bitcoin-magazine\/","title":{"rendered":"Mississippi Missouri Bills To Protect Bitcoin &#8211; Bitcoin Magazine"},"content":{"rendered":"<div>\n<p>Lawmakers from the U.S. states of <a href=\"http:\/\/billstatus.ls.state.ms.us\/documents\/2023\/pdf\/HB\/0800-0899\/HB0848IN.pdf\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">Mississippi<\/a> and <a href=\"https:\/\/house.mo.gov\/billtracking\/bills231\/hlrbillspdf\/1719H.01I.pdf\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">Missouri<\/a> have introduced bills that seek to legally protect their citizens\u2019 rights to run a Bitcoin node and to mine BTC.<\/p>\n<div class=\"m-detail--body-item m-detail--body-item-inline\">\n<figure class=\"l-inline tml-image m-detail--tml-image--inline\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><phoenix-picture><a><picture class=\"is-waiting-to-load\"><source type=\"image\/webp\" sizes=\"(min-width: 1240px) 700px, (min-width: 675px) 620px, calc(100vw - 40px)\" data-srcset=\"https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_380\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.webp 380w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_620\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.webp 620w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1240\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.webp 1240w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.webp 700w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1400\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.webp 1400w\"><source sizes=\"(min-width: 1240px) 700px, (min-width: 675px) 620px, calc(100vw - 40px)\" data-srcset=\"https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_380\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.png 380w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_620\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.png 620w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1240\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.png 1240w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.png 700w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1400\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.png 1400w\"><img loading=\"lazy\" class=\"m-detail--tml-image m-image\" alt=\"Excerpt of Mississippi\u2019s bill\" decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTk1MzAwNDQ3MTM2MjYxNDM0\/image1.png\" height=\"601\" width=\"1999\" srcset=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" itemprop=\"contentUrl url\"\/><\/source><\/source><\/picture><\/a><\/phoenix-picture><figcaption>\n<p class=\"tml-image--caption\" itemprop=\"caption\"><em>Excerpt of Mississippi\u2019s bill<\/em><\/p>\n<\/figcaption><\/figure>\n<\/div>\n<div class=\"m-detail--body-item m-detail--body-item-inline\">\n<figure class=\"l-inline tml-image m-detail--tml-image--inline\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><phoenix-picture><a><picture class=\"is-waiting-to-load\"><source type=\"image\/webp\" sizes=\"(min-width: 1240px) 700px, (min-width: 675px) 620px, calc(100vw - 40px)\" data-srcset=\"https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_380\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.webp 380w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_620\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.webp 620w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1240\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.webp 1240w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.webp 700w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1400\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.webp 1400w\"><source sizes=\"(min-width: 1240px) 700px, (min-width: 675px) 620px, calc(100vw - 40px)\" data-srcset=\"https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_380\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.png 380w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_620\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.png 620w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1240\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.png 1240w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.png 700w, https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_1400\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.png 1400w\"><img loading=\"lazy\" class=\"m-detail--tml-image m-image\" alt=\"Excerpt of Missouri\u2019s Bill\" decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700\/MTk1MzAwNDQ3MTM2MzI2OTcw\/image2.png\" height=\"578\" width=\"1999\" srcset=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" itemprop=\"contentUrl url\"\/><\/source><\/source><\/picture><\/a><\/phoenix-picture><figcaption>\n<p class=\"tml-image--caption\" itemprop=\"caption\"><em>Excerpt of Missouri\u2019s Bill<\/em><\/p>\n<\/figcaption><\/figure>\n<\/div>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-0\"\/>\n<p>Bills have been submitted to both the Houses and Senates of the respective states, with Senator Josh Harkins (R) and Representative Jody Steverson (R) leading the movement within Mississippi. Representative Phil Christofanelli (R) of Missouri submitted its respective bill to the House. Both states\u2019 bills utilize language from the <a href=\"https:\/\/www.satoshiaction.io\/\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">Satoshi Action Fund<\/a>. Amongst the explicit rights for nodes and mining, the bills also have language prohibiting:\u00a0<\/p>\n<ul>\n<li>Political subdivisions of the state creating requirements which are not in line with other data center requirements, and changing the zoning of bitcoin miners without proper notice.<\/li>\n<li>Outlawing of discriminatory energy rates directed at bitcoin miners.<\/li>\n<li>Sound ordinances directed at mining facilities that are not in-line with other sound ordinances within the community.<\/li>\n<li>Operating nodes or miners being considered the act of money transmitting. <\/li>\n<\/ul>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-c not-size-d\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-1\"\/>\n<p>Just yesterday, a New Hampshire <a href=\"https:\/\/bitcoinmagazine.com\/legal\/new-hampshire-commission-recommends-bitcoin-mining\">commission recommended<\/a> that the state Department of Energy investigate how bitcoin mining could be integrated into energy grids statewide. In addition to this recommendation, a <a href=\"https:\/\/portal.bcwg.texas.gov\/General-Documents\/Texas-Work-Group-on-Blockchain-Matters-Report\/wbtp-2m5k\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">report released<\/a> in November 2022 directed at members of the Texas legislature recommended making bitcoin an authorized investment for the state, while giving tax incentives to local BTC miners.<\/p>\n<p>\u201cI see an opportunity for states that were left out of the tech boom to have a real shot at taking part in the Bitcoin boom,\u201d Dennis Porter, CEO and founder of the Satoshi Action Fund commented. \u201cMining facilities often get built in rural parts of America. We hope that Missouri and Mississippi see this potential and begin opening up their states to Bitcoin mining businesses.\u201d<\/p>\n<p>The reports all signify growing interest from states across America on how they can benefit from adopting bitcoin and utilizing bitcoin mining within their energy networks. Continued political action from the likes of <a href=\"https:\/\/www.btcpolicy.org\/\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">Bitcoin Policy Institute<\/a> and Satoshi Action Fund greatly contribute to the education of lawmakers. <\/p>\n<p>\u201cNow that these bills have been drafted and introduced, we must continue the education process for the elected leaders of the state of Mississippi,\u201d Porter stated.<\/p>\n<p>In regards to concerns voiced by Bitcoiners about the <a href=\"https:\/\/cointelegraph.com\/news\/one-fifth-of-global-bitcoin-hash-rate-is-now-controlled-by-listed-companies\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">consolidation<\/a> of hash rate in North American jurisdictions, Porter said that, \u201cConsolidation of mining is a concern, but it is much less of a concern than consolidation of nodes. The nodes and the users of the Bitcoin network are the ones in control, the <a href=\"https:\/\/bitcoinmagazine.com\/culture\/block-size-war-soldier-freedom\">Blocksize Wars<\/a> proved this. However, extreme consolidation of mining could become a risk. We at Satoshi Action strongly support the growth of hash rate outside the USA and North America.\u201d <\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c\" data-ad-group=\"in_content-1\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d\" data-ad-group=\"in_content-1\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-c not-size-d\" data-ad-group=\"in_content-1\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-2\"\/>\n<p>Eric Peterson, director of policy at the Satoshi Act Fund has also been working to advise Mississippi. He explains how \u201cBecause of its unique characteristics, Bitcoin miners are looking to expand their footprint in the state. Legislators can see the opportunities these miners bring, especially in terms of creating jobs in rural areas.\u201d <\/p>\n<p>If the bills are enacted, they could contribute to mounting interest from state governments, something that Peterson is seemingly leaning in on. \u201cThe most important concept for legislators to understand is that Bitcoin is not going away anytime soon,\u201d he said. \u201cEven if states don&#8217;t get behind the industry they need to have a working regulatory structure for it and ensure that businesses who operate in this state can do so long term in their state.\u201d<\/p>\n<\/div>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/legal\/mississippi-missouri-bills-to-protect-bitcoin\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawmakers from the U.S. states of Mississippi and Missouri have introduced bills that seek to legally protect their citizens\u2019 rights to run a Bitcoin node and to mine BTC. Excerpt of Mississippi\u2019s bill Excerpt of Missouri\u2019s Bill Bills have been submitted to both the Houses and Senates of the respective states, with Senator Josh Harkins [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5],"tags":[353,21,90,351,352,354],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/18422"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=18422"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/18422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/18423"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=18422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=18422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=18422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}