TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023; AND TO REGULATE THE IMPACT ON WATER USAGE AND THE ELECTRIC GRID BY BLOCKCHAIN NETWORKS AND DIGITAL ASSET MINING.

Senate Bill 10 aims to regulate blockchain networks and digital asset mining operations in Arkansas by addressing their impact on water usage and the electric grid. It grants the Arkansas Natural Resources Commission authority to monitor water consumption by these operations and allows for their closure if excessive use threatens critical groundwater supplies. The bill also empowers the Arkansas Public Service Commission to monitor their impact on the electric grid and direct utilities to halt service if grid reliability is threatened. Both commissions are required to create rules to implement these new oversight responsibilities.