Senators Reveal 'Mined in America' Bill to Boost Bitcoin Mining, Support Trump's Reserve
Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act to support U.S.-based Bitcoin mining and limit foreign, particularly Chinese and Russian, influence over the Bitcoin network. The bill would establish a voluntary Commerce Department certification for “Mined in America” mining facilities, requiring participants to phase out mining equipment from companies linked to adversarial countries. Certified projects could access existing federal energy and rural programs, and the legislation commits to helping develop U.S.-manufactured mining equipment. The bill also seeks to codify a Strategic Bitcoin Reserve, echoing a campaign promise by Donald Trump. Industry advocates argue that the current dominance of Chinese hardware—comprising about 97% of Bitcoin’s hash rate—poses a strategic risk. The initiative draws parallels to the 2022 Chips and Science Act, which funded domestic chip manufacturing to reduce reliance on foreign supply chains. Cassidy and Lummis emphasize the potential for job creation and U.S. economic benefits, especially as Bitcoin mining operations diversify into artificial intelligence amid a competitive global environment.
