US Senators push 'Mined in America Act' for BTC reserve & mining

• Republican Senators Cynthia Lummis and Bill Cassidy introduced the Mined in America Act on Monday to bolster the domestic crypto industry.
• The legislation aims to codify a strategic bitcoin reserve into law, fulfilling a policy goal previously outlined by President Donald Trump.
• The bill establishes a voluntary certification program for mining facilities and mandates a transition away from hardware manufactured by foreign adversaries.

Strengthening Domestic Crypto Mining

The Mined in America Act is designed to expand the presence of digital asset mining within the United States economy. As part of this initiative, the Commerce Department would be tasked with overseeing a voluntary certification program for both mining pools and individual mining facilities. A critical component of this certification involves national security; participating facilities would be required to phase out mining equipment produced by companies linked to foreign adversaries.

Senator Bill Cassidy emphasized the economic importance of the sector, stating that because digital asset mining is a significant part of the modern economy, the infrastructure and operations should be based within the United States.

Establishing a Strategic Bitcoin Reserve

A primary objective of the new bill is to provide a permanent legal framework for the strategic bitcoin reserve first proposed by President Donald Trump via executive order in March. This reserve is intended to be capitalized using bitcoin currently held by the Department of the Treasury that was obtained through criminal or civil asset seizures.

Senator Cynthia Lummis, a long-time advocate for digital assets, noted that the bill is a step toward making the United States the "crypto capital of the planet." The move aligns with previous statements from Trump, who pledged to secure the nation's financial future through forward-thinking digital asset policies.

Legislative Context and Timeline

This latest bill adds to a suite of cryptocurrency legislation championed by Lummis, including reforms targeting market structure and digital asset taxation. Despite her active role in shaping crypto policy, the Wyoming senator has announced she will not seek re-election. Her current term in the Senate is scheduled to conclude in January 2027. The introduction of the Mined in America Act serves as a move to cement these digital asset initiatives into federal law before the end of her tenure.