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Arkansas Senate approves seven potential bills to regulate cryptocurrency mines • Arkansas Advocate

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Arkansas Senate approves seven potential bills to regulate cryptocurrency mines • Arkansas Advocate


The Arkansas Senate cleared the way Thursday for lawmakers to take up several potential amendments to a 2023 law that limited the state’s ability to regulate cryptocurrency mining operations.

Act 851 of 2023, or the Arkansas Data Centers Act, was introduced just over a week before the 2023 legislative session ended and passed both chambers with bipartisan support. A year later, Sen. Bryan King, R-Green Forest, is spearheading an effort to change the law.

Crypto mines are large groups of computers that harvest digital currency. They are usually located in rural areas due to the space they take up, and they require large amounts of electricity to keep the computers running and water to keep them cool.

There are currently crypto mines in DeWitt and near Greenbrier, and citizens of the Greenbrier area have filed a lawsuit over the large amount of noise from the mine.

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King and other officials have also expressed concern about foreign ownership of crypto mines and whether they pose a national security risk. King said Thursday that the government should be able to regulate a “new industry” that officials currently “don’t know much about.”

The Legislature’s fiscal session began Wednesday, and lawmakers can introduce legislation unrelated to the state budget during the session under certain conditions. They must file resolutions proposing the legislation by the end of the first day of the session, and both the House and Senate must approve the resolution with a two-thirds majority vote. This requires a minimum of 24 Senate votes and 67 House votes.

Sen. Alan Clark, R-Lonsdale, said regulating crypto mines is “maybe the most important issue of all” and should not wait until the 2025 legislative session.

“I don’t want to wait a year to hear about this subject and be able to act on it if we hear something that really needs to be acted on,” Clark said.

Seven of the eight proposed crypto resolutions passed the Senate. King sponsored six of the resolutions, including the one that did not pass.

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The following resolutions will go to the House floor Monday:

  • Senate Resolution 5, sponsored by Sen. Joshua Bryant, R-Rogers, would place noise limits on Arkansas crypto mines and prohibit them from being owned by foreign entities. It passed with 28 votes.
  • Senate Resolution 12, sponsored by King, would ban the use of computers or software manufactured by foreign entities in crypto mining in Arkansas. It passed with 26 votes.
  • Senate Resolution 13, sponsored by King, would require people who engage in crypto mining to be licensed money transmitters under the state’s Uniform Money Services Act. It passed with 27 votes.
  • Senate Resolution 14, sponsored by King, would require the Arkansas Natural Resources Commission to monitor crypto mines’ water usage and administer consequences to any mine that “threatens the critical groundwater supplies of this state through an excessive use of water.” It passed with 28 votes.
  • Senate Resolution 15, sponsored by King, would require at least six months’ advance notice before buying or leasing any land or buildings used for crypto mines. It passed with 27 votes.
  • Senate Resolution 16, sponsored by King, would allow local governments to regulate crypto mines and would prohibit ownership of the mines by the list of foreign countries from which the federal International Traffic in Arms Regulations bans imports and exports.
  • Senate Resolution 17, sponsored by Sen. Missy Irvin, R-Mountain View, would require crypto mines to be licensed by the state Department of Energy and Environment. It would also require the department to inform legislative committees of its crypto mine regulation methods. It passed with 25 votes.
The Arkansas Senate on April 11, 2024 passed a resolution by Sen. Joshua Bryant, R-Rogers, aimed at placing noise limits on Arkansas crypto mines and prohibiting them from being owned by foreign entities. (Antoinette Grajeda/Arkansas Advocate)

King also sponsored Senate Resolution 11, which fell three votes short of passing. The resolution proposed requiring cryptocurrency businesses to pay a fee to the Department of Energy and Environment for “extraordinary electrical energy usage.”

The vote on SR 11 was later expunged with a voice vote, and King said he would give “plenty of notice” if he brought the resolution back for reconsideration.

Bryant was the Senate sponsor of Act 851, and he voted against Senate Resolutions 11, 12, 13 and 16. He said in an interview that he particularly disagreed with the proposed fees in SR 11.

“I’ve talked to state and federal officials, and they’re getting a better handle on what crypto is and how to track it,” Bryant said. “A lot of the concerns that were published 10 years ago are not the concerns of today.”

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Floor debate

King said Senate Resolution 12 had a similar purpose to Act 525 of 2023, which banned the purchase of Russian and Chinese drones in Arkansas and passed both chambers with bipartisan support. Crypto mining businesses have been reported to be tied to the Chinese government.

Sen. Kim Hammer, R-Benton, asked King if SR 12 might be “a broad blanket” policy that would “make it impossible to import from China any and all technologies [or] software.”

King said he saw the proposed policy as much narrower. He also emphasized that crypto mines create very few jobs in Arkansas.

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Sen. Greg Leding of Fayetteville asks a question of Sen. Breanne Davis, lead sponsor of Senate Bill 294, which would enact the governor’s education program, during a meeting of the Senate Education Committee Wednesday morning in Little Rock. (John Sykes/Arkansas Advocate)
Sen. Greg Leding, D-Fayetteville (John Sykes/Arkansas Advocate)

Sen. Dan Sullivan, R-Jonesboro, asked if the proposed policies would set a precedent for lawmakers to “sanction or not sanction businesses based upon the number of jobs that are created or where those jobs come from.” King said he disagreed.

“These crypto mines are taking advantage of our cheap energy [and] taking advantage of our laws that were passed,” King said.

Sen. John Payton, R-Wilburn, said he had issues with the proposed bills as written in the resolutions but supported allowing the bills to be introduced because they covered a variety of issues.

“I’m voting for all of them so that the committee’s hands will not be tied and limited to just one bill title,” Payton said.

Most of the six Senate Democrats did not vote on any of the eight resolutions. Senate Minority Leader Greg Leding, D-Fayetteville, voted on none of them and said in an interview that he was surprised to be presented with so many potential bills unrelated to state budgetary matters.

“Our caucus decided that for a number of reasons, we would stay out of that discussion,” Leding said. “…I really feel that the fiscal session should be kept to fiscal matters.”

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Arkansas

Arkansas gas prices trickle down

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Arkansas gas prices trickle down


JONESBORO, Ark. (KAIT) – Arkansas drivers are paying a few pennies less than last week to fill their rides.

Average gasoline prices fell 2.6 cents a gallon to $3.14, according to GasBuddy.com’s latest survey.

Prices are 4 cents a gallon lower than a month ago but 2.7 cents higher than last year.

The national average fell 1 cent per gallon to $3.62.

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“We’ve seen the national average fade slightly again as oil prices have cooled, and our spring peak appears to be more confidently behind us,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

He added that falling oil prices have put “downward pressure” on gas prices.

“With the seasonal factors behind us, looking ahead, we expect gasoline prices to continue cooling alongside diesel prices as we look forward to Memorial Day weekend,” De Haan said.

To find the cheapest gas prices in your area, visit the K8 News Pump Patrol.

To report a typo or correction, please click here.

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Civil rights leader Daisy Bates and singer Johnny Cash to replace Arkansas statues at the US Capitol – The Boston Globe

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Civil rights leader Daisy Bates and singer Johnny Cash to replace Arkansas statues at the US Capitol – The Boston Globe


LITTLE ROCK, Ark. (AP) — When Arkansas lawmakers decided five years ago to replace the statues representing the state at the U.S. Capitol, there was little objection to getting rid of the existing sculptures. The statues that had stood there for more than 100 years were obscure figures in the state’s history.

“I remember giving tours to constituents from Arkansas, to young people, and I would point out the two representatives in Statuary Hall in our United States Capitol from Arkansas,” said former Gov. Asa Hutchinson, who also served in Congress. “And they would say, ‘We’ve never heard of them.’”

Instead of two little-known figures from the 18th and 19th centuries, the state will soon be represented by the “Man in Black” and a woman who was instrumental in the fight over school desegregation.

Officials plan to install statues of civil rights leader Daisy Bates this week and musician Johnny Cash later this year.

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Bates, who headed the state NAACP, mentored the Black students known as the Little Rock Nine who integrated Central High School in 1957. She is a well-known civil rights figure in Arkansas, where a downtown street in the capital, Little Rock, is named in her honor. The state also marks Daisy Bates Day on Presidents Day.

Benjamin Victor, the Idaho sculptor who was chosen to create the statue of Bates, said he began his work by extensively studying her, including reading her 1962 autobiography and visiting her Little Rock home and Central High. He said he hopes the statue will help U.S. Capitol visitors learn more about her as well.

“I hope it really first and foremost inspires them to study Daisy Bates’ life and legacy,” Victor said. “A big part of it is to capture that spirit of hers and inspire others to do the same and stand up for what’s right.”

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The 8-foot tall bronze statue depicts Bates, who with her husband published the Arkansas State Press newspaper, walking with a newspaper in her arm. She holds a notebook and pen in one hand and wears a NAACP pin and rose on her lapel.

Cash was born in Kingsland, a tiny town about 60 miles (100 kilometers) south of Little Rock. He died in 2003 at age 71. His achievements include 90 million records sold worldwide spanning country, rock, blues, folk and gospel. He was among the few artists inducted into both the Country Music Hall of Fame and Rock & Roll Hall of Fame.

The 8-foot (2.4-meter) tall statue of Cash depicts the singer with a guitar slung across his back and a Bible in his hand. Little Rock sculptor Kevin Kresse, who was selected to create the statue, has sculpted other musical figures from Arkansas such as Al Green, Glen Campbell and Levon Helm.

Kresse views Cash as a much-needed addition to the Capitol as a counterbalance to the conflict in Congress, he said.

“He walked the walk and he lived what he believed. And that was just this quality that really appealed to me,” Kresse said. “And that interior thoughtfulness was something that I really wanted to try to bring out in this sculpture.”

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The Bates and Cash statues will replace ones depicting James P. Clarke, a former governor and U.S. senator in the late 1800s and early 1900s, and Uriah Rose, a 19th century attorney. The statues had come under scrutiny, especially over racist comments Clarke made calling on the Democratic Party to preserve “white standards.”

Republican Sen. Bart Hester, a Republican who is now the Senate president pro tem, began calling for the statues to be replaced in 2018. Clarke Tucker, Clarke’s great-great-grandson and a Democratic state senator, also called for his ancestor’s statue to come down.

“There was recognition broadly that it was time for a change,” said Hutchinson, who signed the 2019 law requiring the Bates and Cash statues to go up.

Choosing their replacements was the hard part, with lawmakers offering competing ideas ranging from Walmart founder Sam Walton to a Navy SEAL from the state who was killed in Afghanistan. After some wrangling, lawmakers eventually approved Bates and Cash.

Sen. David Wallace, who sponsored the legislation to replace the previous sculptures, said he hoped the new statues would tell people more about the types of figures Arkansas has produced over the years.

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“We wanted to do the common person that represented Arkansas,” Wallace said. “And I think that with Daisy Bates and with Johnny Cash, we covered the spectrum in Arkansas. Just, they represent the common folks of Arkansas.”





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Arkansas baseball loses its second series of the year

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Arkansas baseball loses its second series of the year


After weeks of Arkansas handing Kentucky Ls, the Wildcats have finally struck back.

The Diamond Hogs traveled to Lexington this weekend to play its series against No. 8 Kentucky. The Hogs won the first match 10-3 but gave up the following two, 11-3 and 7-4, respectively.

In game one, the Razorbacks took control of the game late. Hagen Smith was his spectacular, again, and held off the Cats offense for most of the game. He gave up one run in the third, but other than that, the performance was nearly flawless. He pitched his second-most strikeouts of the season with 14 for his ninth double-digit game.

The offense finally started to heat up going into the fifth. Peyton Stovall kicked things off with an RBI double. In the sixth, the Hogs took advantage of a back-to-back walks and brought in three more runs. However, they opened up the throttle in the sixth inning, scoring six runs. Unfortunately, they left little in the gas tank for the rest of the weekend.

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In the final two games, Arkansas looked emaciated from the plate, scoring a combined seven runs to Kentucky’s 18. The Razorbacks batted a measly 2-15 with runners in scoring position (RISP) for a .133 average in games two and three. To compare, Arkansas batted 5-17 (.294) in the first game. Batting with RISP has been an Achilles heel of this baseball, hitting .278 since the beginning of conference play. That’s last in the league.

Arkansas has two SEC series left before the conference tournament, and it doesn’t get easier. The Diamond Hogs will face No. 16 Mississippi State at home and take on No. 1 Texas A&M in College Station.





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