Michigan bill seeks to limit crypto mining expansion

A bill has been introduced in the U.S. state of Michigan that could limit the expansion of the cryptocurrency mining industry, U.Today reported. The legislation, House Bill (HB 5882), would grant local municipalities the authority to impose a moratorium on the construction of crypto mining facilities and large-scale data centers. Introduced by state representatives Miller, Dievendorf, and Paiz, the bill has been referred to the Government Operations Committee. The measure aims to address community concerns regarding energy consumption, noise, and strain on the power grid by allowing local governments to assess environmental and infrastructure impacts before construction. Industry observers believe that if enacted, the bill could slow the growth of the mining sector in Michigan.