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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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Bentonville’s Dave Peel Park to become new downtown entertainment space | Arkansas Democrat Gazette

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Bentonville’s Dave Peel Park to become new downtown entertainment space | Arkansas Democrat Gazette


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Arkansas tips its hat to blues pioneer Larry “Totsie” Davis in England dedication

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Arkansas tips its hat to blues pioneer Larry “Totsie” Davis in England dedication


A slice of Arkansas blues history got its moment in the spotlight today in England, Arkansas, as community members gathered to honor a musician many say never got the recognition he deserved.

People met at William F. Bill Foster Memorial Park for a dedication ceremony where the Arkansas River Delta Blues Trail unveiled a historic marker for blues legend, songwriter and recording artist Larry “Totsie” Davis. The marker recognizes Davis’ lasting impact on Arkansas’ blues heritage and his contributions to American music.

The ceremony also served as a tribute to “kind of forgotten blues players of Arkansas or the blues players in Arkansas that never really got their due that they should have.”

Billy Jeter, Founder of the Arkansas River Delta Blues Trail, urged people to revisit Davis’ work, saying, “If you listen to the music today of Larry ‘Totsie’ Davis. I implore you to find somebody better than him. It’s just it’s unbelievable music.”

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ARKANSAS A-Z: Band formed by faculty members of what is now UCA | Arkansas Democrat Gazette

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ARKANSAS A-Z: Band formed by faculty members of what is now UCA | Arkansas Democrat Gazette


Five science professors formed the Professors, a bluegrass/folk band that performed for 44 years, beginning in 1967 when Arkansas State Teachers College in Conway was transitioning to State College of Arkansas, precursor of the University of Central Arkansas.

The band brought to life the “Friendliest College in Arkansas” slogan of the campus during those years, with shows that included a healthy dose of fun and humor along with the folk and bluegrass. One student remarked, “I think they are funny. I enjoy hearing them, because they enjoy themselves … . I didn’t know science professors can have so much fun.” They performed all over the state at fundraising events, football games, Kiwanis meetings and ceremonies, as well as at Conway’s first Toad Suck Daze in 1982. All of the band’s members were born and raised in rural Arkansas.

Ralva Bass, professor of physics, taught both physics and math at ASTC and was from Butlerville. Bass served in World War II and taught high school math in Newport in Jackson County before arriving at ASTC in 1958. He served for one year as interim chair of physics in 1964, and he coached the bowling team on campus. Bass played the rhythm guitar in the band.

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Neal Buffaloe, professor and chair of biology, was born in Leachville; he was an author and a minister and began at ASTC in 1957. His service to the campus was honored by two former students, who established the Neal D. Buffaloe Laboratory for Science Education in the Lewis Science Center. Buffaloe, who had formal training in music and played the viola for UCA’s Little Symphony Orchestra, played fiddle in the band.

Bluegrass band the Professors in front of Main Hall at the University of Central Arkansas in Conway, where the band members taught science: (Left to right): Denver Prince, Neal Buffaloe, Faril Simpson, Ralva Bass and Jerry Manion. (Courtesy of Dr. Robert Mauldin)

 

Jerry Manion, professor and chair of chemistry, was from Beebe, where he was the 1958 high school valedictorian; he started work at ASTC in 1965 and remained employed at UCA until his death in 2014. In 1965, Manion began practicing with the band in one of the chemistry labs or the radioisotope laboratory in Lewis Science Center. Playing the banjo, the guitar and some mandolin as well as singing tenor vocals, Manion became the leader and chief humorist of the band. He also played with the UCA Dixieland Band for more than 35 years.

Denver Prince, professor and chair of physics, was from Magnet Cove. Prince taught high school math, chemistry and physics before joining ASTC’s faculty in 1959. Prince was a strong supporter of UCA athletics, and the Prince Center on UCA’s campus was named in his honor. Prince played the upright bass, but in the early days of the band, it was a washtub bass. Prince helped on chorus as well.

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Faril Simpson of Grant County began at ASTC as a professor of chemistry in 1958. He had previously served in World War II and taught at Hall High School in Little Rock. He served as interim chair of chemistry at ASTC in 1964. A lover of old folk music and gospel songs, Simpson had a beautiful, deep voice, and provided lead vocals. He also played rhythm guitar and harmonica.

Under the recording label Wildfire Records, the Professors recorded two albums: “Introducing the Professors” (1972) and “Remember Me” (1985). In addition, they recorded the singles “Salty Dog Blues” (1971), “When It’s Time for the Whippoorwill to Sing” (1971), “Weeds in the Tater Patch” (1972), “Gonna Lay It By” (1972), “Faulkner County” (1973) and “Arkansas Hornpipe” (1973). — Robert Mauldin

This story is taken from the online Encyclopedia of Arkansas, a project of the Central Arkansas Library System. Visit the site at encyclopediaofarkansas.net.



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