United States of America: Implemented Blockchain Basics Act’s requirement for foreign to divest ownership of digital asset mining operations (HB 488)

On 1 August 2025, the obligation for foreign-controlled businesses involved in digital asset mining in Louisiana to fully divest their interests as established in the Blockchain Basics Act (HB 488) comes into effect. The Act prohibits foreign entities from acquiring or maintaining any ownership stake in digital asset mining operations within Louisiana. In case of noncompliance, businesses face fines of up to USD 1 million or 25% of the foreign entity's stake in the mining operation.