On 30 March 2026, Senators Cynthia Lummis and Bill Cassidy unveiled the Mined in America Act, a legislative initiative aimed at enhancing the United States’ domestic Bitcoin mining industry while decreasing its dependency on foreign-produced mining equipment. This legislation proposes a voluntary certification program for Bitcoin mining facilities and pools based in the US, a step intended to bolster the nation’s strategic position within the cryptocurrency market.
The Satoshi Action Fund has highlighted a significant concern regarding the current state of Bitcoin mining in the US, noting that while the country is responsible for approximately 38% of the global Bitcoin hash rate, an overwhelming 87% of its mining hardware is sourced from China. This dependence is viewed as a vulnerability that the Mined in America Act seeks to rectify.
Under the proposed law, certified miners would be given the unique opportunity to sell newly mined Bitcoin directly to the US government, which would come with the added incentive of a capital gains tax exemption. This initiative is designed to foster a stronger relationship between the government and domestic miners, encouraging local production and utilisation of Bitcoin.
Furthermore, the legislation aligns with an executive order from former President Donald Trump, with the intent of formalising a Strategic Bitcoin Reserve into federal law. It directs various federal agencies to leverage existing initiatives in energy, rural development, and manufacturing to facilitate the establishment of domestic production capabilities for Bitcoin mining equipment, without necessitating new financial appropriations.
Senator Bill Cassidy expressed enthusiasm for the bill, stating, “Digital asset mining is a big part of our economy. We should be doing it here in America. Proud to introduce the Mined in America Act with @SenLummis, which secures supply chains, backs U.S. manufacturing, and supports this key industry.”
### Addressing Mining and Hardware Sourcing Gaps
A central theme of the Mined in America Act is addressing the disparity between the high levels of mining activity occurring in the US and the foreign sourcing of hardware required for that activity. The certification process proposed would compel miners to phase out equipment connected to foreign adversaries, thereby ensuring that US miners are using equipment that supports national security interests.
In this context, the National Institute of Standards and Technology, along with the Manufacturing Extension Partnership, will play pivotal roles in promoting the development and production of mining hardware domestically.
By fulfilling the certification requirements, eligible miners would not only gain access to existing federal grant programs but would also benefit from the capital gains tax exemption when selling Bitcoin directly to the government’s reserve.
The legislation carefully delineates the operation of the Strategic Bitcoin Reserve, incorporating budget-neutral methods for Bitcoin procurement while sidestepping the need for new congressional funding. This strategic approach is aimed at enhancing the resilience and sustainability of the US Bitcoin mining sector.
In summary, the Mined in America Act represents a significant legislative effort to ensure the growth and independence of Bitcoin mining in the United States. By fostering local production of mining hardware and establishing mutually beneficial relationships between miners and the government, the legislation could fundamentally reshape the landscape of cryptocurrency mining in America, ultimately aiming for a more secure and self-sufficient digital asset ecosystem.
