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The bill aims to incentivize bitcoin mining in the United States, reduce dependence on Chinese hardware, and codify the Strategic Bitcoin Reserve into law.

Republican Senators Bill Cassidy and Cynthia Lummis introduced on Monday, March 30, 2026, the “Mined in America Act”, a bill designed to strengthen domestic supply chains and formally enshrine in law the Strategic Bitcoin Reserve established by executive order under Donald Trump.

The measure establishes a federal voluntary certification program called “Mined in America”, administered by the Department of Commerce, for mining facilities and pools that meet hardware security and provenance standards. Certified operators would be required to progressively phase out devices manufactured by entities linked to foreign adversaries, with the goal of achieving full compliance by the end of the decade. “Digital asset mining is an important part of our economy. We should be doing it here in America,” Cassidy stated. Lummis added: “The Mined in America Act brings this industry back home through forward-thinking initiatives to secure our financial future.”

...read more at atlas21.com
325 sats \ 1 reply \ @DarthCoin 17h

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54 sats \ 0 replies \ @unboiled 14h
a federal voluntary certification program called “Mined in America”, administered by the Department of Commerce, for mining facilities and pools that meet hardware security and provenance standards. Certified operators would be required to progressively phase out devices manufactured by entities linked to foreign adversaries, with the goal of achieving full compliance by the end of the decade.

Right. So instead of removing barriers and regulations for companies who want to build mining rigs in the land of the free, they'll introduce new rules forcing (yes yes, it's voluntary for now, but for how long?) the industry's clients to commit to higher spending so they get an approved sticker for their operation.

But wait, there's more!

In addition, certified domestic miners could sell newly mined bitcoin directly to the government in exchange for a capital gains tax exemption, creating an incentive to supply the reserve at discounted prices.

How lucky!
Now certified miners also get to sell their more expensively mined coins at a discount to the government in exchange for a reduction in CGT!
Well, slap me with a #1 foam finger and call me Sally. Who would not want to take that deal?!

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