U.S. Senators Unveil ‘Mined in America Act’ to Reshore BTC Mining, Codify Bitcoin Strategic Reserve

Republican Senators Bill Cassidy and Cynthia Lummis have proposed the “Mined in America Act” to revitalize the U.S. digital asset mining sector. The bill aims to establish a certification program for domestic mining operations, phasing out foreign-made hardware, particularly from Chinese firms like Bitmain and MicroBT, which currently dominate the market despite the U.S. controlling a significant portion of the global hash rate. It also seeks to codify former President Trump’s executive order creating a Strategic Bitcoin Reserve, allowing for bitcoin accumulation through staking rewards, airdrops, and direct purchases from certified domestic miners who would receive a capital gains tax exemption. The act further positions bitcoin mining as a tool for grid management and energy development, potentially accessing existing federal energy and manufacturing programs. Industry groups like the Satoshi Action Fund have endorsed the legislation as a comprehensive framework for integrating energy policy, manufacturing, and digital asset strategy, marking a significant step towards federal integration of bitcoin mining into U.S. industrial and energy policy.

(Source：Bitcoin Magazine)