Arkansas and its Oil and Gas Commission asked the U.S. Court of Appeals for the Eighth Circuit to lift an order blocking enforcement of the state’s foreign ownership restrictions on digital asset mining, according to Bloomberg Law coverage cited by BlockBeats on Oct. 21.
Federal preemption is contested
The lower court had found that federal law likely preempted the restrictions. Arkansas argued that the 2024 law falls within its state powers and targets nationals and businesses from countries already subject to U.S. arms export controls. The report describes oral arguments and a request to the court, without reporting a new appellate ruling.
Source: BlockBeats, 2026-10-21 02:51:51 UTC.