The Mined in America Act, introduced by Senators Bill Cassidy and Cynthia Lummis, seeks to reshape the U.S. digital asset mining sector. It proposes a federal certification program for domestic crypto mining operations and aims to phase out reliance on foreign-manufactured hardware. The legislation also codifies a Strategic Bitcoin Reserve, aligning with efforts to position the U.S. as a global hub for digital assets. The bill mandates the Department of Commerce to create a certification for compliant mining facilities, addressing the current imbalance in the mining ecosystem dominated by foreign manufacturers.
""Digital asset mining is a big part of our economy. We should be doing it here in America," Cassidy said, framing the bill as a supply chain and manufacturing initiative."
""The Mined in America Act brings this industry home through forward-thinking initiatives to secure our financial future," Lummis stated, emphasizing the importance of domestic mining."
"The bill directs the Department of Commerce to create a voluntary 'Mined in America' certification for mining facilities and pools that meet security and sourcing standards."
"While the United States controls an estimated 38% of global bitcoin hash rate, roughly 97% of specialized mining hardware is produced by Chinese firms."
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