In a unanimous vote on Tuesday, Nebraska MPs approved LB 526, which targets large -scale crypto mining facilities. The bills are now headed by Governor Jim Pillain’s desk and if signed, will be effective on October 1, 2025.
Nebraska passes the first-time crypto mining bill
Nebraska legislation 1 megawatt or more power is applied to mining operations. For those, they need to fund the grid infrastructure upgrade, publicly disclose annual energy use and to agree to temporary shutdowns during grid strain.
To add it, Sen. Mike Jacobson, who introduced the bill, said the measure ensures that Nebraska’s energy system is not overwhelmed by uncontrolled industrial crypto activity.
What is the bill for crypto miners
LB 526 authorizes public utilities such as municipal providers and public power districts. This load is to apply limits to study and keep the grid safe. Language allows wide discretion, provided the rules are appropriate and do not be particularly targeted on crypto users.
In fact, the scope of the bill deliberately avoids small scale or home-based mining and focuses on high-upbreak operations instead. Therefore, if enacted, Nebrasca will become the first American state to formally regulate crypto mining based on the range of power use.
Nebraska regulates, Arizona retreat
While Nebraska tightens the oversight, other states are pulling back from the Crypto law. This week, Arizona Governor Katie Hobbes vetoed two major billsThey were SB 1373 and SB 1024, which allowed bitcoin to be held in state reserves and used for tax payment.
Citing volatility and fiscal risk, Hobbes argued that such measures could endanger the finance of the state. The Crypto community pushed back, calling the move short -sighted. Arizona had earlier approved a bill to regulate bitcoin ATMs. This makes the reversal even more controversial. Critics argue that the state wants regulator control without adoption of Crypto.
Governor Pillain has five legislative days to sign or veto the bill. If no action is taken, it automatically becomes law. His office has not yet issued a statement. Material, regulatory and energy experts across the US must be closely looking at Nebraska as this power grid becomes a test case to balance the crypto innovation with credibility.
In March, the US Securities and Exchange Commission (Sec) issued a statement Proof-of-work cryptocurrency mining status activities. According to his guidance, these mining operations will not come under the rules of existing securities, which will create significant enthusiasm throughout the Crypto community.
Coyingop Staff
Coingape includes an experienced team of indigenous material writers and editors, who are working in a clock time to cover news globally and present news as a fact rather than an opinion. CoingPele writers and reporters contributed to this article.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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