Nebraska Lawmakers Approve Crypto Mining Limits in Final Reading
Summary
Nebraska lawmakers passed LB 526, a bill aimed at regulating large-scale crypto mining operations, with a unanimous 49-0 vote. The bill targets facilities consuming one megawatt or more of electricity and requires them to fund necessary infrastructure upgrades, publicly report annual energy usage, and agree to service interruptions during grid strain. Public power suppliers will conduct load studies to enforce these requirements while ensuring fairness. If signed by Governor Jim Pillen, the law will take effect on October 1. The governor has five legislative days to act on the bill. Other states are adopting varied approaches to crypto mining regulation, with Arizona and Kentucky implementing laws favoring miners.
