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How Montana stands to benefit if its pro-crypto mining bill is approved

Published 03/24/2023, 09:02 AM
Updated 03/24/2023, 10:40 AM

The Montana Senate recently passed a bill designed to protect crypto miners operating within the state. The proposed law, which is currently making its way through the state's House of Representatives, seeks to protect both individual and commercial miners in Montana against discriminatory laws by scrapping some of the rules that have the potential to undermine their operations.

Specifically, the bill seeks to protect miners against taxes on digital assets used as a means of payment. Additionally, it endeavors to permit home crypto miners who use less than 1 megawatt of energy annually to do so, except when in contravention of existing noise bylaws.

Skyline of Missoula. Source: Ken Eckert.

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