U.S. Senators Introduce ‘Mined in America’ Bill to Support Bitcoin Miners
- Senators Bill Cassidy and Cynthia Lummis introduced legislation to support Bitcoin miners in the U.S.
- The bill proposes a certification program for entities that are “Mined in America,” allowing access to government support.
- The initiative aims to reduce reliance on mining equipment from foreign adversaries, with China accounting for about 97% of Bitcoin’s hash rate.
- The Mined in America Act seeks to establish a Strategic Bitcoin Reserve as part of its legislative goals.
- The act is supported by the Satoshi Action Fund, highlighting the need for domestic manufacturing of crypto mining hardware.
The proposed legislation by Senators Cassidy and Lummis aims to bolster U.S.-based mining operations by reducing dependency on foreign-manufactured equipment and enhancing domestic manufacturing capabilities. It also seeks to formalize President Trump’s executive order on creating a Strategic Bitcoin Reserve into law.
This move is designed to secure supply chains and support job creation within the U.S., while addressing vulnerabilities due to reliance on foreign-produced mining hardware, primarily from China (Source)
