Key Highlights:
  • US senators introduce bill to expand domestic crypto mining
  • Seeks to formalize a strategic bitcoin reserve
  • Pushes for reduced reliance on foreign mining hardware

New push to localize crypto mining

U.S. lawmakers have introduced the “Mined in America Act,” aiming to strengthen the country’s role in bitcoin mining and digital asset infrastructure.

The bill would create incentives for domestic mining operations and support industry growth within the U.S.

Strategic bitcoin reserve gains traction

The legislation also seeks to codify an earlier executive order establishing a national bitcoin reserve. This reserve would be funded using seized digital assets held by the government.

This move reflects growing recognition of bitcoin as a strategic financial asset.

Focus on national security and supply chains

The bill includes provisions to reduce reliance on foreign mining equipment, particularly from geopolitical rivals. It also proposes a certification program for mining facilities.

Together, these measures aim to position the U.S. as a leading hub for crypto mining and digital asset innovation.

Read the full article on theblock.