Overview
- The Mined in America Act, introduced Monday by Sens. Bill Cassidy and Cynthia Lummis, proposes a voluntary Commerce-run certification for miners and now enters the normal committee process.
- Certified facilities would commit to phasing out equipment tied to foreign adversaries on a schedule that targets full replacement by 2030, reducing exposure to hardware from firms like Bitmain and MicroBT.
- The bill would place the Strategic Bitcoin Reserve inside the Treasury and sets a budget‑neutral way to grow it using proceeds from seized digital assets and tax‑exempt sales of newly mined bitcoin from certified operators.
- The proposal directs NIST and the Manufacturing Extension Partnership to help U.S. companies design secure mining hardware and steers certified projects into existing Energy and Agriculture programs for grid balancing, renewable absorption, and methane capture without new spending.
- Sponsors cite a gap where the U.S. supplies about 38% of global hash rate while roughly 97% of rigs come from China, and they point to inspections that found firmware flaws enabling remote access as a security risk; the Satoshi Action Fund backs the approach, which could also make Treasury a steady buyer of domestic output and tighten new coin supply to the open market.