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Two US senators have proposed a bill that seeks to strengthen the crypto mining industry and solidify President Donald Trump’s
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Put forward by US Republican Senators Bill Cassidy and Cynthia Lummis, the proposed Mined in America Act would position cryptocurrency mining as part of the US’ “critical digital infrastructure” push, with an emphasis on domestic manufacturing and supply chain security.
Key facts
- Two of President Trump's children are involved with American Bitcoin, a publicly-listed miner that has seen its value fall from $5bn in September to under $1bn today
- The legislation would also codify President Donald Trump’s March 6, 2025, executive order establishing a Strategic Bitcoin Reserve within the Department of the Treasury
- America controls 38 percent of the world’s Bitcoin hash rate, but 97 percent of the hardware powering it comes from China
- Put forward by US Republican Senators Bill Cassidy and Cynthia Lummis, the proposed Mined in America Act would position cryptocurrency mining as part of the US’ “critical digital infrastructure
Summary
Two US senators have proposed a bill that seeks to strengthen the crypto mining industry and solidify President Donald Trump’s idea of creating a strategic Bitcoin reserve. Under the proposal, the Department of Commerce would establish a voluntary 'Mined in America' certification program for cryptocurrency mining facilities and mining pools. To qualify, certified operators would be required to transition away from mining hardware made by companies linked to foreign adversaries. “America controls 38 percent of the world’s Bitcoin hash rate, but 97 percent of the hardware powering it comes from China.