U.S. state of Arkansas petitions the Eighth Circuit Court of Appeals to lift the injunction against its foreign crypto mining restriction law.
1 hours ago
According to Bloomberg Law, the state of Arkansas and its Oil and Gas Commission on Tuesday requested the U.S. Eighth Circuit Court of Appeals to overturn a lower court order that blocks enforcement of the state’s law restricting foreign entities from holding interests in digital asset mining operations. The lower court had previously ruled the law was likely invalid due to federal preemption. Joseph Nelson from Arkansas’s Office of the Attorney General pushed back on that finding, noting the law falls within core state police power and targets the same countries the U.S. federal government has designated as national security threats. The legislation, passed in 2024, bans citizens or companies of countries subject to U.S. Department of State arms export controls from holding interests in digital asset mining facilities located in the state.
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