The Mined in America Act is new legislation that aims to encourage digital asset mining in the United States.
Sponsored by Republican Senators Bill Cassidy and Cynthia Lummis, the legislation would direct the US Department of Commerce to establish a voluntary certification program for crypto miners and their facilities.
The legislation would also seek to phase out “adversary-linked mining hardware” with certified facilities transitioning away from computers built by firms affiliated with our adversaries.
Federal energy and rugral programs will support the transition, and the National Institute of Standards and Technology and the Manufacturing Extension Partnership will help US manufacturers to develop secure and energy-efficient cryptocurrency mining equipment.
The bill will also codify the strategic Bitcoin Reserve as outlined by the White House.
“Digital asset mining is a big part of our economy. We should be doing it here in America. This bill will secure supply chains, back U.S. manufacturing, and support this industry,” said Senator Cassidy.
Senator Lummis said President Trump aims to make the US the digital asset capital of the world and the Mined in America Act brings mining back home.
“America controls 38 percent of the world’s Bitcoin hash rate, but 97 percent of the hardware powering it comes from China. That is not leadership, that is a liability. 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. If we are serious about leading on Bitcoin, we cannot let adversaries hold the keys to our supply chain,” stated Dennis Porter, CEO and Co-Founder of Satoshi Action Fund.