U.S. Senators Cynthia Lummis (R-WY) and Bill Cassidy (R-LA) have introduced bipartisan legislation called the "Mined in America Act" aimed at significantly expanding cryptocurrency mining operations within the United States. The bill represents a major policy initiative to bring critical Bitcoin mining infrastructure back to American soil and codify into law an executive order signed by President Donald Trump.
The core provision of the legislation would allow Bitcoin miners to sell their mined Bitcoin directly to the U.S. government in exchange for capital gains tax (CGT) exemptions. This incentive is designed to encourage domestic mining activity and simultaneously build a "Strategic Bitcoin Reserve" within the U.S. Department of the Treasury. The reserve would be capitalized, in part, by bitcoins forfeited during criminal or civil asset seizures.
Senator Lummis stated, "President Trump pledged to make the United States the digital asset capital of the world, and we're not backing down. The Mined in America Act brings this industry home through forward-thinking initiatives to secure our financial future." The bill builds upon Trump's March 2026 executive order to create such a reserve.
Beyond the tax and reserve framework, the legislation includes several key components. It directs the Department of Commerce to establish a voluntary "Mined in America" certification program for mining pools and facilities that meet specific U.S. safety and operational standards. Crucially, certified facilities would be required to begin a transition away from mining equipment manufactured by companies tied to foreign adversaries, a move explicitly targeting hardware dependence on China.
Dennis Porter, CEO of the Satoshi Action Fund which supports the bill, highlighted the national security risk, noting that while the U.S. controls about 38% of the global Bitcoin hash rate, 97% of the mining hardware is sourced from China. The bill aims to reduce this dependency by supporting domestic manufacturers in developing energy-efficient mining equipment and leveraging existing federal energy and rural development programs to finance the industry's transformation.
The bill's sponsors view digital asset mining as a significant part of the economy that should be conducted domestically. Senator Cassidy emphasized this point on social media, stating, "Digital asset mining is a big part of our economy. We should be doing it here in America." Senator Lummis, who announced she will not seek re-election in 2026, has been a prominent advocate for multiple crypto-related bills, including those focused on market structure and tax reform.
