Nebraska passes LB 526: New burden for Bitcoin mining

Nebraska has passed bill LB 526 with 49 votes in favor, aiming to apply lighter regulations for Bitcoin mining operations. The bill requires large mining companies to bear the costs of upgrading the power grid, disclose energy consumption data, and allows the government to cut off electricity supply at its discretion if necessary. It is currently awaiting the signature of Governor Jim Pillen, who has previously supported cryptocurrency but did not mention mining specifically.

This bill focuses on grid load issues and is not related to carbon emissions. Marathon Digital, the major mining company in the state, has upgraded equipment at the Kearney County mine. Although it does not restrict mining activities, the passage of the bill reflects a trend of "restrictive regulation" by the Republican-led state legislature. This bill is similar to previous electricity regulations in Texas, showing the differences in perspectives among states in the U.S. regarding cryptocurrency regulation. Even in Republican-led states, infrastructure pressure can still lead to stricter policies.

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