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MS SB2603

MS SB2603
Digital Asset Mining Protection Act; create.


summary

Introduced
01/16/2023
In Committee
02/23/2023
Crossed Over
02/08/2023
Passed
Dead
03/10/2023

Introduced Session

Potential new amendment
2023 Regular Session

Bill Summary

Digital Asset Mining Protection Act; create.

AI Summary

This bill creates the "Digital Asset Mining Protection Act," which aims to establish safeguards for the energy-intensive process of digital asset (e.g., cryptocurrency) mining. The bill prohibits the use of certain energy sources, particularly those with high carbon emissions, for the purpose of digital asset mining. It also requires mining operations to meet specific energy efficiency standards and to disclose their energy consumption and environmental impact. The goal of this legislation is to address the environmental concerns associated with the growing digital asset mining industry and to promote more sustainable practices in this sector.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Died On Calendar (on 03/10/2023)

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