""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."
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.
Read at Bitcoin Magazine
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