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Read. Follow. Verify.Arkansas House resolution authorizes bill to remove digital asset mining exemption under Uniform Money Services Act
Last action · April 29, 2026: Died in House Committee at Sine Die adjournment.Sponsor: Ron McNair
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What This Bill Proposed
Representative McNair introduced House Resolution 1011 to authorize a bill that repeals the exemption protecting home digital asset miners and businesses from being classified as s. Under the proposed bill, persons engaging in home digital asset mining or operating a digital asset mining business would be required to apply for licensure under the Uniform Money Services Act on or before September 1, 2026.
Digital asset miners in Arkansas would face new state licensing requirements and regulations, changing their legal compliance obligations under the Uniform Money Services Act.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Persons and businesses engaged in home digital asset mining
They are newly required to apply for licensure under the Uniform Money Services Act and lose their exemption from money transmitter classification.
Key Facts
- Arkansas Code § 14-1-604(e), which exempts home digital asset mining and digital asset mining businesses from being considered money transmitters, is repealed.
- Arkansas Code § 23-55-102(15)(A) is amended to add engaging in home digital asset mining or operating a digital asset mining business to the definition of 'money transmission'.
- Persons engaging in home digital asset mining or operating a digital asset mining business as of the effective date must apply for licensure under the Uniform Money Services Act on or before September 1, 2026.
Frequently Asked Questions
What does the proposed bill change for digital asset miners in Arkansas?
By when do existing digital asset miners need to apply for licensure?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died in committee.
Procedural history
3 actions- Apr 29, 2026HouseDied in House Committee at Sine Die adjournment.
- Apr 8, 2026HouseIntroducedRead the first time, rules suspended, read the second time and referred to the Committee on HOUSE RULES
- Apr 8, 2026HouseIntroducedFiled
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Removal of Digital Asset Mining Exemption
The measure shifts state policy from exempting digital asset mining from money transmission laws to actively regulating miners under the Uniform Money Services Act.
Connected Entities
Sources
arkleg.state.ar.us
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 65)
- Controversy60Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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