Montana “Right to Mine” Crypto Bill Passes the House

Now, only the governor’s signature remains and it will become law

Montana ‘right to mine’ crypto bill passes the House

“Bill number 178, prohibiting local authorities from obstructing the crypto mining operations, was passed during the third reading by 64 votes to 35 on April 12. The legislation had already passed through Senate voting in February. It will now make it to the desk of Governor Greg Gianforte. While Gianforte has a right to veto the bill, it’s unlikely he will do so, as he belongs to the Republican party, along with the bill’s sponsor, state Senator Daniel Zolnikov.

The legislation aims to establish a ‘digital asset mining right’ and forbid any discriminatory electricity rates charged to cryptocurrency miners. Additionally, it seeks to safeguard mining operations that take place ‘at home’ and remove the authority of local governments to utilize zoning laws to impede crypto-mining activities.

The bill also bars any extra taxes on using cryptocurrency as a means of payment. It categorizes ‘digital assets’ comprising cryptocurrencies, stablecoins and nonfungible tokens as “personal property.“”


Master Asked on April 13, 2023 in Cryptocurrency.
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