U.S. Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act on March 30, 2026, to address the fact that Chinese companies manufacture 97% of Bitcoin mining equipment despite the U.S. hosting 38% of global hashrate. The legislation creates a voluntary Commerce Department certification program where mining entities commit to phasing out equipment from foreign adversaries like China and Russia in exchange for access to federal energy and rural programs. Modeled after the 2022 Chips and Science Act, the bill aims to help U.S. manufacturers develop crypto mining equipment domestically and codify President Trump's Strategic Bitcoin Reserve executive order into law. The initiative comes as Bitcoin miners face profitability pressures and the Satoshi Action Fund warns that dependence on Chinese hardware creates national security vulnerabilities.
Legislative Framework and Certification Program for Domestic Bitcoin Mining
- ▪The Mined in America Act was crafted with support of the Satoshi Action Fund
- ▪U.S. Senators Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) introduced the Mined in America Act on Monday, March 30, 2026
- ▪The Mined in America Act would create a voluntary certification program where mining entities can become certified as 'Mined in America' under the U.S. Commerce Department
National Security Concerns Over Foreign Mining Equipment Dependence
- ▪The Chips and Science Act set aside federal funding for domestic chip-manufacturing in response to supply chain concerns about exposure to regions like Taiwan
- ▪American Bitcoin's fleet primarily comprises Bitmain S21 series and MicroBt M5X and M6X series machines, which are primarily manufactured in China
- ▪The Mined in America Act mirrors the Chips and Science Act enacted in 2022
- ▪The Mined in America Act is aimed at preventing foreign adversaries from gaining outsized influence over Bitcoin's network
- ▪Dennis Porter, CEO and co-founder of Satoshi Action Fund, stated that machines from China total 97% of Bitcoin's hash rate
Economic Impact and Strategic Bitcoin Reserve Integration
- ▪The Mined in America Act aims to enshrine U.S. President Donald Trump's executive order to establish a Strategic Bitcoin Reserve into law
- ▪The $14.4 billion Bitcoin seizure represented the DOJ's largest haul in the cryptosphere at the time
- ▪Eric Trump and Donald Trump Jr. unveiled a Bitcoin mining venture called American Bitcoin
- ▪In October, Senator Cynthia Lummis advocated for $14.4 billion in Bitcoin seized from the alleged head of a global crypto scam network to be diverted to the Strategic Bitcoin Reserve
Perspective of Satoshi Action Fund
- ▪The Satoshi Action Fund supported crafting the Mined in America Act to address foreign adversary influence over Bitcoin's network
- ▪Dennis Porter of Satoshi Action Fund characterized the Bitcoin mining industry's dependence on Chinese hardware as creating vulnerability to foreign adversaries
Perspective of Bill Cassidy and Cynthia Lummis
- ▪The Mined in America Act sponsors designed the legislation to mirror the successful Chips and Science Act model for domestic manufacturing
- ▪The Mined in America Act would leverage existing federal energy and rural programs as incentives rather than creating new spending
- ▪Senators Cassidy and Lummis structured the Mined in America Act to codify President Trump's Strategic Bitcoin Reserve executive order into permanent law
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