As a researcher with years of experience in the intersection of law, technology, and international relations, I find myself constantly intrigued by the dynamic nature of these domains. The recent case involving Qimin “Jimmy” Chen, a naturalized US citizen of Chinese descent, operating a cryptocurrency mining operation in Arkansas, is yet another fascinating instance that showcases the complexity of these areas.
In a temporary ruling, a U.S. federal judge based in Little Rock, Arkansas, prevented Arkansas state authorities from interfering with the cryptocurrency mining activities of a naturalized American citizen of Chinese origin.
On November 25th, U.S. District Judge Kristine Baker granted a temporary halt (temporary restraining order or TRO) in a legal case involving Jones Eagle, a cryptocurrency mining company situated close to DeWitt, New York. This information was reported by the Arkansas Advocate.
The case was based on two laws — Act 636 of 2023 and Act 174 of 2024 — targeting businesses and property owned by Chinese nationals.
In contrast to Arkansas’s Act 636 that forbids property possession within its borders by entities linked with the Chinese administration, Act 174 enforces a ban on foreign ownership of digital asset mining facilities.
Casualty in crackdown on Chinese crypto mining
In the lawsuit, the state alleged that the crypto mining was owned by a Chinese man named Qimin “Jimmy” Chen and demanded a permanent shutdown.
Yet, the accused is a U.S. citizen by naturalization who resides in New York, asserting a claim of alleged discrimination due to national origin when seeking a Temporary Restraining Order (TRO).
The court records indicate that Chen holds a significant portion of ownership in the cryptocurrency mining company, which is managed under Eagle Asset Holding.
Crypto miner prepares for court battle
As your analyst, I’m informing you that for the next 14 days, a temporary measure will be enforced, halting any actions against the naturalized U.S. citizen by the state of Arkansas. Following this period, a court hearing is scheduled to consider a preliminary injunction and an extension of the restraining order, aiming to prevent further actions against the mentioned individual. In relation to this matter, my client’s lawyer, Alex Jones, has shared that they will be present at the hearing to advocate for the continuation of these protective measures.
“The TRO and preliminary injunction will prevent further harm to our client while we prepare for a trial on the merits where we will get to fully present our case as to why the laws are unconstitutional and reflect legislative overreach.”
Chen claimed that he’d already provided papers to the attorney general, intending to demonstrate that the crypto-mining facility was not situated on farmland earlier. Additionally, he attempted to discuss his citizenship situation with local officials but was refused a meeting.
Attorney General Tim Griffin stated that he has been looking into several cryptocurrency mining activities and is just trying to get accurate information. However, not every entity involved has been completely cooperative.
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2024-11-27 11:00