Sunday, February 16, 2025
spot_imgspot_img

Top 5 This Week

spot_imgspot_img

Related Posts

Lonoke County officials resist crypto project


Lonoke County officials are facing off against a planned cryptocurrency mining business near Cabot, citing concerns over the site’s location in a floodplain and proximity to the Little Rock Air Force Base. Mayor Ken Kincade, Judge Doug Erwin, and state Senator Ricky Hill are leading the charge against Interstate Holdings Blockchain’s development. They argue that the facility will cause pollution, noise disturbances, and potential national security threats if hacked. However, the company’s vice president, Dustin Curtis, insists that the facility meets all requirements and won’t be a drain on resources.

The crypto mine controversy is part of a larger trend in Arkansas, where state laws have limited local regulation of the industry. Critics argue that these facilities consume excessive electricity and water and reduce property values in surrounding areas. Last month, Lonoke County residents received a letter from Curtis promising an environmentally sustainable, state-of-the-art facility that follows all laws and regulations.

Interstate Holdings Blockchain, led by Steve Landers Jr., has investments in various industries, including real estate and billboards. Despite pushback from local officials and residents, the company remains committed to its cryptomining venture in Lonoke County. The situation mirrors a federal case involving foreign land ownership laws and a cryptocurrency mining operation in Arkansas County. As controversy continues to swirl, it remains to be seen how the conflict between local and state regulation of cryptocurrency mining will unfold in Arkansas.

Source
Photo credit arktimes.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles