Lummis and Cassidy Introduce Legislation to Formalize US Strategic Bitcoin Reserve

TLDR

• On March 30, Lummis and Cassidy put forward the bipartisan Mined in America Act.
• The legislation is designed to bolster US digital asset mining and the domestic production of mining hardware.
• A voluntary certification initiative for mining pools and facilities is included.
• Miners who are certified would gradually eliminate equipment connected to foreign adversaries.
• The act aims to help enact Trump’s Strategic Bitcoin Reserve order into law.

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(SeaPRwire) –   Senators Cynthia Lummis and Bill Cassidy have proposed the Mined in America Act, a bipartisan piece of legislation intended to grow domestic digital asset mining and solidify the United States’ Strategic Bitcoin Reserve framework. This initiative represents a further step in Washington’s broader effort to align more crypto infrastructure, manufacturing, and policy development with a model led by the US.

The bill would instruct federal agencies to back a voluntary certification program for mining pools and facilities that operate within the United States. According to the proposal, operators who gain certification would start transitioning away from mining equipment made by firms associated with foreign adversaries. The declared objective is to lessen reliance on hardware produced abroad while enhancing national oversight of a sector that is now crucial to Bitcoin production.

The legislation also ties mining policy directly to the federal government’s Bitcoin strategy. It would aid in the endeavor to legislatively formalize President Donald Trump’s Strategic Bitcoin Reserve order, extending previous proposals that aim to classify Bitcoin as a long-term strategic asset held by the Treasury. This positions the new bill at the crossroads of industrial policy, national security, and digital asset regulation.

Bill Connects Domestic Mining and Bitcoin Reserve Goals

The Mined in America Act is founded on the principle that mining capacity and strategic reserve policy should be aligned. Lummis stated that the United States must keep striving to be the world’s hub for digital assets, and Cassidy characterized digital asset mining as an expanding component of the national economy that needs to be established domestically.

This legislative action comes after Trump’s executive order in March, which established a Strategic Bitcoin Reserve financed by bitcoin the Treasury already possesses from forfeitures in criminal and civil proceedings. Lummis also put forward a distinct reserve bill again earlier this month, which would grant Congress a more direct legislative function in determining the framework for federal Bitcoin holdings.

By merging mining expansion with reserve policy, the new bill indicates that certain legislators now consider Bitcoin infrastructure to be an element of a more comprehensive national economic strategy. This method also denotes a transition from more confined cryptocurrency regulation to a broader industrial approach connected to supply chains, energy availability, and treasury policy.

Certification Program Targets Foreign Hardware Dependence

A key component of the bill is the establishment of a voluntary certification system for domestic mining operations. Facilities that are certified would be mandated to gradually remove hardware associated with foreign adversaries, especially given persistent worries about dependence on equipment made outside the US.

Proponents of the bill have highlighted the existing disparity between the United States’ mining capacity and its production of hardware. Industry figures frequently indicate that the US commands a significant portion of the global Bitcoin hash rate, but a majority of the equipment utilized by miners is sourced from foreign providers. The new proposal is meant to close that gap without instituting an additional appropriation of funds.

Instead, the legislation would utilize current federal programs, such as those related to energy and rural development, to facilitate the shift. The aim is to promote the domestic manufacturing of secure and energy-efficient mining systems while reducing reliance on international supply chains. The bill also assigns the Commerce Department a part in developing the certification framework.

Lummis Pushes Broader Crypto Agenda Before Senate Exit

The proposal emerges during the concluding period of Lummis’s time in the Senate. She has already stated she will not run for reelection in 2027, and her recent legislative work has focused on digital asset policy. In addition to the reserve initiative, she has backed wider market structure legislation and reforms for cryptocurrency taxation.

Her tax suggestions have encompassed an exemption from capital gains tax for small cryptocurrency transactions under $300 and a system that would impose tax on mining and staking rewards solely when they are sold. These proposals are crafted to decrease compliance burdens for regular users while offering the industry more defined rules for involvement and reporting.

The Mined in America Act consolidates several of these goals into a single bill. It promotes domestic mining, establishes Bitcoin’s function in federal policy, and presents crypto infrastructure as an issue of long-term economic strategy.