“Mined in America Act” Aims to Make U.S. the Global Crypto Powerhouse
- Senators Cynthia Lummis and Bill Cassidy introduced the Mined in America Act on March 30, 2026, directing the Commerce Department to create a voluntary certification program for US-based Bitcoin mining facilities and pools.
- The Satoshi Action Fund flagged that the US controls 38% of global Bitcoin hash rate yet sources 87% of its mining hardware from China.
- Certified miners could sell newly mined Bitcoin directly to the US government in exchange for a capital gains tax exemption.
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).
Related: Lido Eyes $20M Token Buyback as LDO Hits Deep Discount.
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.
Related: XRP Slides Despite Goldman Sachs’ $152M ETF Bet
The post “Mined in America Act” Aims to Make U.S. the Global Crypto Powerhouse appeared first on Crypto News Australia.
추천 콘텐츠
The Role of Reference Points in Achieving Equilibrium Efficiency in Fair and Socially Just Economies
Cryptos Signal Divergence Ahead of Fed Rate Decision
