SR10 • 2026

TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023 AND TO AMEND THE UNIFORM MONEY SERVICES ACT.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: B. King
Last action: 2026-04-06
Official status: Senate -- Died in Senate at Sine Die adjournment.
Effective date: Not listed

Plain English Breakdown

The source text defines what the proposed bill would do if introduced and passed, but does not provide definitions for terms like 'Digital Asset Mining' or 'Money Transmission'.

Resolution to Authorize a Bill Changing Rules for Digital Asset Mining

This resolution authorizes the introduction of a bill that would remove an exemption and require digital asset miners in Arkansas to get a license under the Uniform Money Services Act.

What This Bill Does

Removes the rule stating that home or business digital asset mining is not money transmission.
Adds 'engaging in home digital asset mining' and operating a digital asset mining business to the definition of money transmission.
Requires people who mine digital assets at home or run a mining business to apply for a license under the Uniform Money Services Act.
Sets September 1, 2026 as the deadline for these miners to get their licenses.

Who It Names or Affects

People engaged in home digital asset mining
Businesses operating digital asset mining operations

Limits and Unknowns

This resolution only authorizes the introduction of a bill; it does not change laws by itself.
The official status shows this measure died in the Senate at adjournment on April 6, 2026.

Bill History

No action history is stored for this bill yet.

Official Summary Text

TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023 AND TO AMEND THE UNIFORM MONEY SERVICES ACT.

Current Bill Text

Read the full stored bill text

*MBM259* 04/06/2026 3:01:13 PM MBM259
State of Arkansas 1
95th General Assembly 2
Fiscal Session, 2026 SR 10 3
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By: Senator B. King 5
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SENATE RESOLUTION 8
TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION 9
BILL TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023; 10
AND TO AMEND THE UNIFORM MONEY SERVICES ACT. 11
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Subtitle 14
TO AUTHORIZE THE INTRODUCTION OF A 15
NONAPPROPRIATION BILL TO AMEND THE 16
ARKANSAS DATA CENTERS ACT OF 2023 AND TO 17
AMEND THE UNIFORM MONEY SERVICES ACT. 18
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BE IT RESOLVED BY THE SENATE OF THE NINETY-FIFTH GENERAL ASSEMBLY OF THE 21
STATE OF ARKANSAS: 22
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THAT Senator King is authorized to introduce a bill which as introduced 24
will read substantially as follows: 25
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"Title 27
AN ACT TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023; TO AMEND THE UNIFORM 28
MONEY SERVICES ACT; AND FOR OTHER PURPOSES. 29
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Subtitle 31
TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023; AND TO AMEND THE UNIFORM 32
MONEY SERVICES ACT. 33
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 35
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SR10

2 04/06/2026 3:01:13 PM MBM259
SECTION 1. Arkansas Code § 14-1-604(e), concerning the exemption for a 1
person engaged in home digital asset mining or operating a digital asset 2
mining business under the Uniform Money Services Act, is repealed. 3
(e) A person that is engaged in home digital asset mining or that has 4
a digital asset mining business shall not be considered a money transmitter 5
under the Uniform Money Services Act, § 23-55-101 et seq. 6
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SECTION 2. Arkansas Code § 23-55-102(15)(A), concerning the definition 8
of "money transmission" under the Uniform Money Services Act, is amended to 9
add an additional subdivision to read as follows: 10
(v) engaging in home digital asset mining or 11
operating a digital asset mining business under the Arkansas Data Centers Act 12
of 2023, § 14-1-601 et seq. 13
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SECTION 3. DO NOT CODIFY. A person engaging in home digital asset 15
mining or operating a digital asset mining business under the Arkansas Data 16
Centers Act of 2023, § 14-1-601 et seq., as of the effective date of this act 17
shall apply for licensure under the Uniform Money Services Act, § 23-55-101 18
et seq., on or before September 1, 2026." 19
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