Senators Reveal ‘Mined in America’ Bill to Boost Bitcoin Mining, Support Trump’s Reserve

U.S. Sens. Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) introduced legislation on Monday to support Bitcoin miners, arguing that the industry needs government help to prevent foreign adversaries from gaining outsized influence over the digital asset’s network.

The Mined in America Act is aimed at empowering the government to support Bitcoin miners through federal programs, while also enshrining U.S. President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve into law, according to a press release.

“The Mined in America Act brings this industry home through forward-thinking initiatives to secure our financial future,” Lummis said in a statement. “President Trump pledged to make the United States the digital asset capital of the world—and we’re not backing down.”

The legislation would create a voluntary certification program where mining entities facilities can become certified as “Mined in America” under the Commerce Department. As part of that certification, those entities commit to phasing out “mining equipment manufactured by companies tied to foreign adversaries” like Russia and China.

Projects certified as “Mined in America” gain the ability to tap existing federal energy and rural programs amid the shift, the press release states. What’s more, the government would be committed to helping U.S. manufacturers develop crypto mining equipment onshore.

The Mined in America Act was crafted with support of the Satoshi Action Fund, and in a statement, CEO and co-founder Dennis Porter described the industry’s reliance on hardware from China as a “liability.” Those machines total 97% of Bitcoin’s so-called hash rate, he said.

In some ways, the legislation mirrors the Chips and Science Act. Enacted in 2022, the legislation set aside federal funding for domestic chip-manufacturing. At the time, supply chains snarled by the global pandemic raised questions about the country’s exposure to regions like Taiwan, where the world’s most advanced chips are fabricated.

The bill lands as Bitcoin miners increasingly pivot toward artificial intelligence, with profitability pressured by the digital asset’s latest fall from all-time highs. Cassidy signaled that Bitcoin mining has the potential to buoy blue-collar job creation, at a time when data center buildouts are accelerating as a result of the AI boom.

“Digital asset mining is a big part of our economy. We should be doing it here in America,” he said. “This bill will secure supply chains, back U.S. manufacturing, and support this industry.”

Trump’s promise to create a Strategic Bitcoin Reserve was among his biggest overtures to digital asset investors on the campaign trail. However, the U.S. government has yet to unveil an allocation that’s only allowed to stem from budget-neutral strategies.

In October, Lummis advocated for $14.4 billion in Bitcoin seized from the alleged head of a global crypto scam network to be diverted to the reserve. At the time, the seizure represented the DOJ’s largest haul in the cryptosphere.

Not long before, Eric and Donald Trump Jr. unveiled a Bitcoin mining venture dubbed American Bitcoin. Earlier this month, the company indicated in an SEC filing that its fleet “primarily comprises Bitmain S21 series and MicroBt M5X and M6X series machines.”

Those machines are primarily manufactured in China.