Satoshi Action Fund has been working tirelessly to advocate for the rights of crypto miners and to promote appropriate regulation of digital assets and the industry has just scored another victory thanks to their work.
Missouri has just passed a new law that protects crypto and Bitcoin mining in the state. Even better, the bill was passed with a unanimous vote of 12-0 in favor of the industry.
This new legislation is being referred to as the “Digital Asset Mining Protection Act,” and it protects the rights of crypto miners. Specifically, it restricts energy companies from imposing “discriminatory rates” on miners compared to other industrial electricity users.
Crypto mining has always been a crucial aspect of the digital asset industry. However, as some energy companies and states have been taking a negative stance against it, protecting this sector of the industry has become a necessary task. Fortunately, the Satoshi Action Fund has stepped in and taken a massive stride forward for crypto.
The new law passed in Missouri will ensure that the process of digital asset mining is protected from potential discriminatory rates and charges from electrical companies. What’s more, the bill passed with a unanimous 12-0 vote in favor, with both Democrats and Republicans coming together to support the crypto industry. This is a significant win for the industry as similar Right to Mine crypto bills have previously been passed in Montana in a similar landslide vote.
The Satoshi Action Fund, a non-profit organization committed to educating lawmakers and regulating digital assets appropriately, has been championing both legislative developments. Both the organization and CEO Dennis Porter have pledged to continue pushing for their advocacy, using these moments as proof of their efforts.
This new law is a clear message to other states and energy companies that crypto mining is a legitimate industry that deserves protection. It also shows that lawmakers can come together across party lines to support something that benefits their constituents. It’s an exciting time for the crypto industry, and with organizations like the Satoshi Action Fund, it’s only going to keep getting better.