Nebraska lawmakers have taken a firm stance on cryptocurrency mining by passing a new bill aimed at controlling the energy consumption of large-scale operations. The bill, LB 526, received unanimous support in the state legislature and now awaits action from Governor Jim Pillen. If he signs it, or takes no action within five legislative days (excluding Sundays), it will automatically become law, going into effect on October 1, 2025.
Crypto companies like Canaan Inc. (NASDAQ: CAN) are likely to welcome laws like the one passed by the legislature in Nebraska since the measures seek to facilitate the growth of the industry while also…
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