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.
Story comments
Loading comments…