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judge blocks enforcement of foreign ownership laws against arkansas crypto mine
A federal judge has issued a preliminary injunction preventing Arkansas from enforcing laws against Jones Eagle, a cryptocurrency mine under investigation for foreign ownership concerns. The ruling comes amid scrutiny of the business, controlled by Qimin “Jimmy” Chen, a naturalized American citizen from China, following the enactment of laws restricting foreign ownership of land linked to certain countries. The judge's decision halts state actions while further proceedings are anticipated.
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