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Committee adopts amendment and clears bill to protect established digital-asset operations from retroactive local restrictions
Summary
After adopting an amendment to protect municipally owned utilities’ interests, the committee passed a bill designed to give guidance to digital-asset (crypto) businesses and to prevent retroactive zoning or discriminatory local actions against compliant operations.
Senator Joshua Bryant brought House Bill 17 99, and the committee first adopted an agreed amendment to address concerns from municipally owned utility companies. Bryant said the amendment was negotiated so the utilities’ interests would be protected, and the committee adopted the amendment by voice vote.
Bryant said the bill as amended "just provides guidance for a growing industry,"…
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