U.S. Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act on Monday. This legislation seeks to bolster domestic Bitcoin mining operations through direct federal support and incentives. The goal is to reduce reliance on mining hardware from foreign adversaries significantly.
The Commerce Department would establish a voluntary certification program for miners seeking designation. Entities receiving the title must commit to phasing out equipment tied to Russia or China. This move mirrors previous efforts to secure critical technology supply chains against external threats.
Certification Requirements
"The Mined in America Act brings this industry home through forward-thinking initiatives to secure our financial future," Lummis said in a statement. She emphasized that President Trump pledged to make the United States the digital asset capital of the world. The senator added that the team is not backing down from that commitment.
Certified projects gain access to existing federal energy and rural programs designed for large-scale infrastructure. The government also committed to helping U.S. manufacturers develop crypto mining equipment onshore. This support specifically targets blue-collar job creation in the energy sector.
Industry Alignment
The Satoshi Action Fund provided support for the bill during its drafting process this year. CEO Dennis Porter described reliance on Chinese hardware as a significant liability for the network. He noted that those machines total 97% of Bitcoin's current hash rate globally.
The legislation mirrors the Chips and Science Act enacted in 2022 to support domestic manufacturing. That law set aside federal funding for domestic chip manufacturing to reduce foreign dependency. Pandemic-era supply chain snarls raised questions about exposure to regions like Taiwan.
Cassidy signaled that Bitcoin mining could buoy blue-collar job creation amid economic uncertainty. Data center buildouts are accelerating due to the artificial intelligence boom across the sector. Miners increasingly pivot toward AI services to maintain profitability during market downturns.
Strategic Reserve
Trump's promise to create a Strategic Bitcoin Reserve is enshrined in the new bill text. The government has yet to unveil an allocation allowed only by budget-neutral strategies. Industry watchers will monitor implementation details closely as the session progresses.
Earlier this month, American Bitcoin unveiled a fleet primarily comprising Bitmain S21 series machines. Those machines are primarily manufactured in China despite the new legislative push. This contradiction highlights the challenge of transitioning to domestic hardware quickly.
Broader implications suggest a shift in how the United States views digital assets as strategic reserves. If successful, the model could influence other nations to prioritize domestic crypto infrastructure. Investors should watch for further regulatory updates regarding certification standards.
