SR13

Senate Resolution 13 authorizes the introduction of a legislative bill aimed at amending the Arkansas Data Centers Act of 2023 and the Uniform Money Services Act. The primary action of the proposed bill is to repeal an existing exemption that previously classified digital asset miners—including home miners and commercial digital asset mining businesses—as exempt from being categorized as 'money transmitters' under the Uniform Money Services Act. By repealing this exemption, the bill amends the definition of 'money transmission' to include the act of engaging in digital asset mining. Consequently, the bill mandates that any person or entity currently operating a digital asset mining business must apply for licensure under the Uniform Money Services Act by September 1, 2024. The resolution serves as the procedural step required to introduce this substantive change to state law.