U.S. District Court Eastern District of Arkansas (Central Division) at the Richard Sheppard Arnold U.S. Post Office and Courthouse in Little Rock, Arkansas. Photo: Carol M. Highsmith/Library of Congress via Wikimedia CommonsState Attorney General Faces Federal Courtroom Test Over Crypto Mining Ban
“We have seen dozens of state laws enacted over the last few years restricting or prohibiting investment in U.S. real property by foreign individuals, companies and governments,” said Robert A. Friedman, a partner at Holland & Knight. “Arkansas is just one example of a surging national trend.”
December 02, 2024 at 04:16 PM
4 minute read
What You Need to Know
- A crypto mining company sued multiple defendants, including the state of Arkansas and its attorney general, over two of the state’s laws.
- U.S. District Chief Judge Kristine G. Baker entered a temporary restraining order against the attorney general that prevented him from enforcing the laws.
- An attorney specializing in international trade who is not involved in the matter said similar actions are surging and challenging the legal underpinnings of these foreign investment state statutes.
A federal district judge court in Arkansas will hold a hearing Wednesday on whether to block a state attorney general from enforcing two controversial laws against a crypto company following the court’s issuance of a temporary restraining order in a case one independent expert called an “example of a surging national trend.”
Alexander T. Jones of Kutak Rock in the Am Law 200 firm’s Little Rock, Arkansas, office is among the attorneys who represent the plaintiff, Jones Eagle LLC, against the defendants, the state of Arkansas and Tim Griffin in his official capacity as the state attorney general.
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