U.S. Senators Bill Cassidy and Cynthia Lummis have introduced the “Mined in America Act,” a bill aiming to boost domestic Bitcoin mining hardware production and create a voluntary certification for mining operations. The legislation seeks to phase out equipment from foreign adversaries, support U.S. manufacturers, and formally codify former President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve.
Two U.S. Republican senators have introduced the “Mined in America Act” in an attempt to bring more Bitcoin mining manufacturing back to the country. The bill also seeks to codify former U.S. President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve.
Introduced by Senators Bill Cassidy and Cynthia Lummis, the new bill would create a voluntary certification for crypto mining facilities and pools. Certified operations would need to phase out mining equipment manufactured by companies tied to “foreign adversaries” and support domestic hardware manufacturing.
“Digital asset mining is a big part of our economy. We should be doing it here in America,” Cassidy stated in a press release. The U.S. became the leading Bitcoin mining country by hashrate after China’s 2021 crackdown, now hosting about 38% of the network’s total.
The bill directs the National Institute of Standards and Technology and the Manufacturing Extension Partnership to help U.S. manufacturers develop more secure and energy-efficient mining equipment. This addresses a key dependency, as an estimated 97% of Bitcoin mining hardware is made by two Chinese companies, Bitmain and MicroBT.
“The Mined in America Act breaks that dependency by building a virtuous cycle of domestic manufacturing, certified mining operations, grid-strengthening energy infrastructure and a pipeline to the Strategic Bitcoin Reserve,” said Dennis Porter, CEO of the Satoshi Action Fund. The U.S. mining industry recently faced disruptions when customs officials paused shipments of thousands of Bitmain ASIC machines.
