GOP senators unveil ‘Mined in America Act’ to expand crypto mining, cement strategic bitcoin reserve
GOP Senators Lummis and Cassidy introduced the 'Mined in America Act' to boost U.S. crypto mining and codify a strategic bitcoin reserve.Summary
Republican Senators Cynthia Lummis and Bill Cassidy introduced the "Mined in America Act," a bill aimed at expanding the role of digital asset mining in the U.S. economy. The legislation seeks to secure the nation's financial future by supporting domestic mining operations. Key provisions include directing the Commerce Department to establish a voluntary certification program for mining facilities and requiring certified sites to transition away from equipment manufactured by companies linked to foreign adversaries. Furthermore, the act intends to codify President Trump's executive order, which mandates the creation of a strategic bitcoin reserve capitalized by forfeited assets from criminal or civil seizures, into law. Senator Lummis emphasized the bill aligns with President Trump's goal to make the U.S. the world's digital asset capital.
(Source：The Block)