Senators Cassidy, Lummis Introduce Bill to Bring Bitcoin Mining Back to America
U.S. Senators Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) launched the Mined in America Act on March 30, pushing to shift digital asset mining operations again to U.S. soil and codify President Trump’s government order establishing a Strategic Bitcoin (BTC) Reserve.
The invoice targets a provide chain concern the senators say poses a nationwide safety threat. According to the Satoshi Action Fund, which backs the laws, the U.S. accounts for 38% of world Bitcoin hash charge, but 97% of the {hardware} powering that mining comes from China.
What the Bill Does
The laws directs the Department of Commerce to create a voluntary “Mined in America” certification program for cryptocurrency mining amenities and swimming pools.
Certified operations can be required to transition away from gear tied to overseas adversaries.
Rather than creating new federal spending authorities, the invoice integrates licensed initiatives into current federal vitality and rural applications.
It additionally directs the National Institute of Standards and Technology (NIST) and the Manufacturing Extension Partnership to help U.S. producers in growing energy-efficient mining hardware.
A fifth provision formally establishes a Strategic Bitcoin Reserve inside the Department of the Treasury, codifying Trump’s earlier government motion into regulation.
“The Mined in America Act breaks that dependency by constructing a virtuous cycle of home manufacturing, licensed mining operations, grid-strengthening vitality infrastructure, and a pipeline to the Strategic Bitcoin Reserve… we can not let adversaries maintain the keys to our provide chain,” read an excerpt within the invoice, citing Dennis Porter, CEO and Co-Founder of Satoshi Action Fund
The invoice’s passage would mark a big shift in how the U.S. approaches each Bitcoin mining safety and its broader digital asset technique.
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