“Mined in America Act” Aims to Make U.S. the Global Crypto Powerhouse

A bill introduced in the US Senate seeks to formalise a Strategic Bitcoin Reserve and tie it to domestic Bitcoin mining, using existing federal programs to reduce reliance on foreign hardware.

The proposal was introduced as a companion to an executive order by President Donald Trump and it would place the reserve into federal law and direct agencies to use current energy, rural development and manufacturing programs to support a shift toward US-based mining equipment production (It does not authorise new spending).

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Addressing Gaps In Mining and Hardware Sourcing

The bill centres heavily on the gap between mining activity and hardware sourcing. The United States accounts for about 38% of global Bitcoin hash rate, but 87% of mining hardware is produced in China. 

Under the proposal, miners seeking a voluntary federal certification would need to phase out equipment linked to foreign adversaries, and the National Institute of Standards and Technology and the Manufacturing Extension Partnership would be tasked with supporting domestic hardware development. 

Eligible miners would gain access to existing federal grant programs and a capital gains tax exemption on Bitcoin sold directly to the government reserve. 

The legislation also defines how the reserve would operate, outlining budget-neutral mechanisms for acquiring Bitcoin, avoiding the need for new congressional appropriations. 

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