‘A corporate giveaway, plain and simple’
Utah has passed legislation giving cryptocurrency mining operations unprecedented freedoms in a move that may harm the environment and raise utility costs for residents.
The controversial HB230 bill establishes special rights for crypto companies with minimal local oversight, as John Weisheit, conservation director of Living Rivers-Colorado Riverkeeper, and Steve Erickson, board member at Great Basin Water Network, detailed for the Deseret News.
What is HB230?
HB230, officially titled “Blockchain and Digital Innovation Amendments,” gives crypto mining companies the right to mine cryptocurrency, run blockchain nodes, and stake tokens with minimal interference or oversight in Utah.
The bill shields these operations…
