Arkansas is scrutinizing two companies, Risever Machinery and Jones Digital LLC, for possible connections to the Chinese government. The Secretary of Agriculture has called for an Attorney General investigation, focusing particularly on Jones Digital, a crypto-mine operator. Concerns have arisen due to the alleged links between these companies, as well as the potential involvement of Jones Digital in several other crypto-mining ventures in the state, according to <a href="https://katv.com/news/local/arkansas-attorney-general-ag-tim-griffin-investigating-companies-crypto-mines-possible-ties-chinese-communist-party-ccp-government-agriculture-secretary-wes-ward-risever-machinery-craighead-county-jones-digital-republican-sarah-huckabee-sanders-green-new" rel="noopener noreferrer nofollow">KATV</a>.
The investigation, rooted in Act 636 which prohibits foreign-controlled firms from owning Arkansas land, reflects worries about foreign influence and adherence to national security protocols. Gov. Sarah Huckabee Sanders supports this scrutiny, emphasizing the need to prevent hostile foreign entities from exploiting Arkansas resources.
In addition to Jones Digital, the Attorney General's Office is examining 24 more crypto-<a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a> to ensure compliance with state laws. The "Say No to Crypto" committee, representing local concerns, has applauded the state's actions, stressing the need for these businesses to abide by the same regulations as others in Arkansas.
The state's efforts also include considering a repeal of Act 851, which relaxes restrictions on crypto-mining, highlighting the balance between technological advancement and safeguarding national interests.
This action demonstrates Arkansas's cautious approach towards foreign investment in critical sectors and underscores the ongoing debate over the regulation of cryptocurrency mining and foreign influence in domestic affairs.

Arkansas Investigates Suspected Chinese Ties in Crypto-Mining Operations

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