May has marked a significant turning point in U.S. Bitcoin legislation, with major developments at both federal and state levels.  From the Office of the Comptroller of the Currency (OCC) greenlighting bank involvement in crypto services to New Hampshire and Arizona enacting pioneering state laws, the regulatory landscape for digital assets is rapidly evolving.

House Bill 2014 is designed to position West Virginia as a prime location for data centers and Bitcoin mining operations by enabling the development of self-sufficient microgrids powered by various energy sources, including fossil fuels. 

The West Virginia House of Delegates recently passed House Bill 2014, known as the Power Generation and Consumption Act, with an 88-12 vote. This legislation aims to attract data centers and promote the development of microgrids within the state. The bill now moves to the Senate for further consideration.

Senator Ted Cruz (R-TX) has introduced the FLARE Act to prevent restrictions on routine gas flaring, a practice used in oil and gas extraction, arguing that such measures harm American energy production and economic growth.

Kentucky Governor Andy Beshear signs the “Bitcoin Rights” bill into law, solidifying protections for crypto users.