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Home Explore Bitcoin

North Dakota Introduces Bill to Protect Bitcoin Miners and Holders’ Rights

2 February 2025
in Bitcoin, News
Reading Time: 3 mins read
106 4
source: coinmarketcap.com

source: coinmarketcap.com

North Dakota has introduced a new bill aimed at safeguarding the rights of Bitcoin miners and users, according to Dennis Porter, CEO and co-founder of the Satoshi Action Fund.

In a post on X, Porter confirmed that Representative Nathan Toman has put forward legislation designed to enshrine key protections for Bitcoin enthusiasts within the state. The bill establishes four fundamental rights: the right to mine Bitcoin, the right to self-custody of Bitcoin holdings, the right to conduct peer-to-peer transactions, and the right to operate a Bitcoin node.

Porter has been actively involved in advocating for Bitcoin-friendly policies across several U.S. states. Previously, he highlighted a bill introduced in Montana by Representative Lammers, co-sponsored by Representative Schomer, which would allow the state to invest up to $50 million in Bitcoin, stablecoins, digital assets, or precious metals.

Montana has already set a precedent for Bitcoin-friendly legislation. In May 2023, the state passed Senate Bill 178 (S.B. 178), prohibiting municipalities from banning Bitcoin mining. Similarly, in February 2023, Mississippi enacted a “Right to Mine” bill, ensuring legal protection for crypto miners and node operators.

Meanwhile, Texas had also taken steps to strengthen its position in the digital economy. Texas Senator Charles Schwertner proposed Senate Bill 778 (SB 778) to establish a Strategic Bitcoin Reserve, positioning the state as a leader in economic growth and financial freedom. If approved, Texas would become the first state in the U.S. to implement such an initiative, allowing it to acquire and hold Bitcoin as an economic asset.

Despite growing support for Bitcoin-related legislation, some states have sought to restrict cryptocurrency mining. New York imposed a temporary two-year ban on Bitcoin mining operations powered by carbon-based energy in 2022. More recently, Arkansas introduced eight bills in April 2024, two of which could potentially limit crypto mining activities in the state.

 

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