SR12

Senate Resolution 12 authorizes the introduction of a legislative bill intended to regulate digital asset mining operations within Arkansas. The proposed bill prohibits digital asset mining businesses and individual miners from utilizing computer hardware that is manufactured or assembled by a 'covered foreign entity.' Additionally, it prohibits the use of software developed by these same entities. A 'covered foreign entity' is defined as individuals, governments, or organizations designated on U.S. federal screening lists, those domiciled in or controlled by the People's Republic of China or the Russian Federation, and their affiliates. Violations of these restrictions would be classified as a Class A misdemeanor for a first offense and a Class D felony for subsequent offenses.