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Senate committee adopts interim study to examine crypto mining after members raise noise, ownership and water concerns

CITY, COUNTY & LOCAL AFFAIRS COMMITTEE - SENATE · March 27, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Senate City, County & Local Affairs Committee voted by voice to adopt an interim study requested by Senator Bryant to review cryptocurrency mining operations, citing worries about noise, foreign ownership and local governments’ regulatory tools.

The Senate City, County & Local Affairs Committee on Tuesday adopted an interim study directing further examination of cryptocurrency mining in the state.

Senator Bryant introduced the study after recounting last year’s passage of House Bill 17 99 and saying the industry’s growth revealed gaps the Legislature did not foresee. "We already have crypto mines operating in the state," Bryant said, and while some operators were "paying their taxes" and working with local governments, other "bad actors"…

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