Senators Cassidy, Lummis Introduce Bill to Bring Bitcoin Mining Back to America
Senators Cassidy and Lummis introduced the Mined in America Act to shift digital asset mining hardware production back to the U.S.Summary
U.S. Senators Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) introduced the Mined in America Act on March 30, aiming to relocate digital asset mining operations to American soil and formalize a Strategic Bitcoin Reserve. The legislation addresses national security concerns stemming from the supply chain, noting that while the U.S. accounts for 38% of the global Bitcoin hash rate, 97% of the necessary hardware originates from China. The bill establishes a voluntary "Mined in America" certification program via the Department of Commerce, requiring certified facilities to stop using equipment linked to foreign adversaries. Furthermore, it directs NIST and the Manufacturing Extension Partnership to support domestic development of energy-efficient mining hardware. Finally, the act codifies President Trump's prior executive action by formally establishing a Strategic Bitcoin Reserve within the Department of the Treasury.
(Source：BeInCrypto)