U.S. Legislation Aims to Boost Domestic Bitcoin Mining and Establish Reserve
- Senators Bill Cassidy and Cynthia Lummis introduced a bill on March 30 to expand U.S.-based digital asset mining.
- The Mined in America Act aims to secure supply chains and reinforce domestic manufacturing.
- A voluntary “Mined in America” certification will be established for mining facilities through the Department of Commerce.
- Certified operations must phase out hardware linked to foreign adversaries, addressing supply chain risks.
- The bill formalizes a Strategic Bitcoin Reserve within the Department of the Treasury.
This legislation seeks to enhance U.S. competitiveness in the digital asset sector by fostering domestic production and reducing reliance on foreign mining hardware, particularly from China. The introduction of a Strategic Bitcoin Reserve positions bitcoin as a federally recognized strategic asset, supporting long-term value stability.
By promoting U.S.-based mining expansion and strengthening digital infrastructure resilience, this initiative aims to secure economic benefits while mitigating geopolitical vulnerabilities associated with foreign dependency in the digital asset economy.
(Source)
