PANews
PANews|Oct 21, 2026 02:51
[Arkansas Requests Eighth Circuit Court of Appeals to Overturn Injunction on Its Foreign Crypto Mining Restriction Law] According to Bloomberg Law, Arkansas and its Oil and Gas Commission on Tuesday requested the U.S. Eighth Circuit Court of Appeals during oral arguments to overturn a lower court order. The order prohibits the enforcement of the state's law restricting foreign entities from owning digital asset mining operations. The lower court had previously ruled that the law might be preempted by federal regulations and thus invalid. Joseph Nelson from the Arkansas Attorney General's Office refuted this ruling, arguing that the law falls within the core domain of the state's police powers and targets entities from countries that the federal government has identified as threats to national security. The law, passed in 2024, prohibits citizens or companies from countries subject to U.S. State Department arms export controls from holding interests in digital asset mining equipment within the state.
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