Crypto Chaos: Arkansas vs. Foreign Miners – Who Will Win? 🤔💰

In a twist worthy of a Dostoevskian drama, the Arkansas Cryptomining Association has taken up arms—well, legal ones—against two state officials. They claim these officials have enforced a rule so unconstitutional it could make a statue weep. This rule, it seems, prohibits foreign-born American citizens from engaging in the noble art of crypto-mining. Because, you know, why let anyone with a foreign background have fun with digital coins? 😏

The complaint, filed against Arkansas Attorney General Tim Griffin and the director of the Arkansas Oil and Gas Commission, Lawrence Bengal, on March 13, has all the makings of a courtroom thriller. It follows a federal court ruling from last November that temporarily barred Arkansas from stopping a naturalized US citizen of Chinese descent from mining crypto. Apparently, the state thought it could play the role of the gatekeeper of digital gold. Spoiler alert: it can’t! 🎭

The rules in question, “Rule K” and “Act 174,” are like a bad joke—prohibiting foreign-party controlled businesses in the state. Director Connor L. Kempton of the Arkansas Cryptomining Association has pointed out that the vagueness of these rules gives the defendants the power to enforce them arbitrarily. It’s like giving a cat a laser pointer and expecting it to behave! 🐱

Kempton argues that these rules are not just vague; they are unconstitutional and discriminatory, targeting individuals based on race, alienage, and national origin. Who knew crypto could be so… exclusive? 😒

He specifically highlighted the case of Jones Eagle LLC, run by Qimin “Jimmy” Chen, a naturalized US citizen of Chinese origin. It seems that even in the land of the free, some folks are still not free to mine! How ironic! 🥴

Kempton invoked the Equal Protection Clause of the 14th Amendment, arguing that Rule K and Act 174 are as illegal as a three-legged dog in a race. The Equal Protection Clause, after all, prohibits states from denying anyone equal protection of the laws based on race or national origin. But hey, who needs the Constitution when you have a state rule? 🤷‍♂️

Moreover, he contended that these rules strip American citizens like Chen of their due process rights. It’s like taking candy from a baby—if the baby were a naturalized citizen trying to make a living! 🍬

Kempton also pointed out that the prohibitions and penalties under Act 174 infringe upon the federal government’s authority to manage foreign investments. Because, apparently, Arkansas thinks it can set its own foreign policy. Good luck with that! 🌍

“Act 174 seeks to establish Arkansas’s own foreign policy, thereby intruding upon the federal government’s exclusive power to govern foreign affairs.”

On December 9, District Court Judge Kristine G. Baker ruled that Arkansas state officials were barred from enforcing Act 174 against Jones Eagle until further notice. So, for now, the crypto miners can breathe a sigh of relief—at least until the next round of legal shenanigans! 🎉

Read More

• OM PREDICTION. OM cryptocurrency

• Poppy Playtime Chapter 4: Release date, launch time and what to expect

• The Elder Scrolls IV: Oblivion Remastered – How to Complete Canvas the Castle Quest

• Why Tina Fey’s Netflix Show The Four Seasons Is a Must-Watch Remake of a Classic Romcom

• Oblivion Remastered: The Ultimate Race Guide & Tier List

• The Weeknd Shocks Fans with Unforgettable Grammy Stage Comeback!

• Christina Haack and Ant Anstead Team Up Again—Awkward or Heartwarming?

• Jujutsu Kaisen Reveals New Gojo and Geto Image That Will Break Your Heart Before the Movie!

• Serena Williams’ Husband Fires Back at Critics

• WWE’s Braun Strowman Suffers Bloody Beatdown on Saturday Night’s Main Event

2025-03-14 08:21