Nebraska Legislature Passes LB 526 Act, Bitcoin Mines Face New Requirements and Cost Pressure

According to Beincrypto, the Nebraska State Legislature passed the LB 526 bill with 49 unanimous votes, implementing mild regulation on Bitcoin mining sites. The bill requires large mining companies to bear the cost of upgrading the power grid, disclose energy consumption data, and authorizes the government to interrupt power supply services at its discretion. The bill is now awaiting signature by Governor Jim Pillen, who previously expressed support for the cryptocurrency industry but did not specifically mention mining. The bill mainly addresses the issue of power grid load and does not involve environmental issues such as carbon emissions. At present, Marathon Digital is the only major mining company in the state, and it has recently completed equipment upgrades at its mine in Kearney County. Although the bill does not substantially restrict mining activities, its unanimous passage reflects the Republican led state legislature's tendency towards "limited regulation" of the cryptocurrency industry. This bill is similar to the previous grid restrictions on mining sites in Texas, reflecting the conflicting positions of various states in the United States on encryption regulation issues - even in Republican states, infrastructure pressures may still lead to policy tightening.