US Senate Bill Seeks to Boost Domestic Crypto Mining and Secure Supply Chains

The US Senate has introduced the Mined in America Act, a bipartisan bill aimed at promoting domestic cryptocurrency mining infrastructure and reducing dependence on foreign-made hardware.

The legislation proposes a voluntary certification program for mining facilities and pools managed by the Department of Commerce, which would ensure that certified operations meet specific standards and phase out equipment from countries deemed as adversaries, such as China.

The bill also formalizes President Trump's executive order establishing a Strategic Bitcoin Reserve at the Treasury Department. This reserve is seen as a strategic asset for the US government to secure its financial future.