the bill that makes crypto mining free

By: bitcoin ethereum news|2025/05/15 18:15:05

Today, in New Hampshire, USA, the State Senate will meet to vote on the bill that prohibits the regulation of crypto mining. Proposed by Representative Keith Ammon, bill 639 is designed to protect individuals who can conduct cryptocurrency mining from home. New Hampshire and the bill that prohibits the regulation of crypto mining In the US State of New Hampshire , the Senate legislators are about to vote on the bill that prohibits the regulation of cryptocurrency mining. According to what reported, the proposal was submitted by Representative Keith Ammon, a Republican from New Boston, who wants to give confidence to the crypto sector. In practice, this bill “HB 639” would prohibit state agencies and local officials from regulating cryptocurrency mining. Not only that, the goal is to protect individuals who can conduct cryptocurrency mining at home. By doing so, state agencies and local officials could not , for example, set sound limits on cryptocurrency mining, even if miners would have to comply with other sound ordinances. Furthermore, they could not charge cryptocurrency miners an additional cost for the excessive impact they have on the power grid. Not only that, they could not prevent people from using cryptocurrencies to buy or sell items. In this regard, in a recent hearing at the Senate, Ammon stated the following: “The advantage of projecting that we are in favor of mining is that it can help incentivize future generations. We want to move away from this scarcity mindset, according to which there is only a fixed pie of so much energy to distribute.” Last month, HB 639 received its approval in the House of Representatives of New Hampshire , and today it is the Senate’s turn to cast its vote. New Hampshire: the proposal on “free” crypto mining criticized by environmentalists On the other hand, Ammon’s bill was indeed acclaimed by libertarians and the cryptocurrency lobby but criticized by environmentalists. In fact, Ammon has publicly dismissed all environmental concerns about the effect of crypto on the planet and on electrical grids. Here are his words on the matter: “There are those who believe that Bitcoin mining will raise the oceans, that we will all drown, that we will boil the seas or things like that. This section does nothing but prevent municipalities from discriminating against the use of energy.” To leverage against HB 639, Cathy Corkery , director of the New Hampshire Sierra Club chapter, reportedly wrote the following: “The reality is that it is not just about a guy with a computer. It is about supercomputers that consume a lot of energy.” Specifically, Corkery and his colleagues have criticized crypto mining for several reasons, such as its continuous 24-hour operation, and noisy, which disturbs the neighborhood. But also the high-energy intensity activity, which causes carbon dioxide emissions and could strain the power grid. Not only that, many crypto mining operations also use a lot of water to cool the equipment . This leads to concerns about a rise in bills and that the hot water expelled from the facilities could harm the wildlife. “`html The situation outside the USA “` While in New Hampshire there is a struggle to free crypto mining from strict regulation and criticism from environmentalists, industry companies outside the USA are targeting Latin America. Hive Digital Technologies , for example, a Canadian company specializing in Bitcoin mining, has recently invested in Paraguay as a long-term strategic partner. In practice, it seems that Paraguay enjoys an ideal combination of geopolitical stability, low-cost hydroelectric power, and openness to foreign investments. Always outside the USA, recently there has been talk of Phoenix Group, a Bitcoin mining company listed in the United Arab Emirates , and its Q1 2025 revenues showing a sharp decline compared to previous periods. Despite this, the UAE company already part of the top 10 Bitcoin miners by market cap, remains ambitious in wanting to enter the top 5 by 2026. Source: https://en.cryptonomist.ch/2025/05/15/new-hampshire-the-bill-that-prohibits-the-regulation-of-crypto-mining/

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.