The state of North Dakota is taking steps to protect the rights of Bitcoin users, with the introduction of a new bill by Representative Nathan Toman. This bill, as confirmed by Satoshi Action Fund CEO Dennis Porter, aims to uphold four key principles related to Bitcoin rights: the right to mine Bitcoin, the right to have self-custody over Bitcoin, the right to perform peer-to-peer transactions, and the right to run a Bitcoin node.
Porter, known for his efforts in introducing bills in various U.S. states to protect Bitcoin holder rights and establish strategic Bitcoin reserves, highlighted the significance of this latest development in North Dakota. The bill in question is a positive step towards ensuring the freedom and protection of Bitcoin users in the state.
This news comes on the heels of previous legislative efforts in states like Montana and Mississippi to support and safeguard the rights of cryptocurrency miners and holders. In Montana, a bill enabling the state to invest in digital assets up to $50 million was introduced, while in Mississippi, a bill titled “Right to Mine” was passed to protect the rights of cryptocurrency miners and node operators.
It is worth noting that not all states in the U.S. are as welcoming to cryptocurrency mining. States like New York and Arkansas have attempted to limit or outright ban cryptocurrency mining operations in the past. New York, for instance, implemented a ban on Bitcoin mining operations powered by carbon-based energy sources for a two-year period.
Overall, the introduction of bills like the one in North Dakota is a positive step towards creating a more favorable environment for Bitcoin users and miners. With the protection of their rights and freedoms ensured, individuals in these states can continue to engage in Bitcoin mining and transactions with confidence and security.
