U.S. Senator Introduces the "American Mining Act" to Expand Cryptocurrency Mining Scale

BlockBeats message, March 31, according to The Block, on Monday U.S. Republican Senators Cynthia Lummis and Bill Cassidy jointly introduced the Mined in America Act, aiming to expand the role of cryptocurrency mining in the U.S. economy while codifying the executive order that would have Trump establish a strategic Bitcoin reserve. The bill would direct the Department of Commerce to set up a “voluntary certification program” for mining pools and mining facilities, and would also require certified facilities to begin “phasing out” mining machines manufactured by companies affiliated with foreign adversaries.

In a statement, Lummis said, “Trump has promised to make the United States the world’s capital in the digital asset space, and we will not back down. The Mined in America Act will bring this industry back home through forward-looking initiatives to safeguard our financial future.” Senator Cassidy, meanwhile, wrote on X, “Digital asset mining is an important part of our economy, and we should promote it in the United States.”

In terms of the backdrop, earlier this March Trump signed an executive order to establish a strategic Bitcoin reserve based on Bitcoin held through the criminal or civil asset forfeiture process by the Treasury Department. Lummis also introduced a bill based on that executive order in the same month. This newly proposed mining bill is another push by her in the field of crypto legislation; in addition, she is simultaneously pushing for broader crypto market structure legislation and a crypto tax reform bill. Lummis previously announced that she will not run for reelection, and her term is set to end in January 2027.