A U.S. Senator Introduces the "American Mining Bill," Aiming to Expand Cryptocurrency Mining

BlockBeats News, March 31st - According to The Block, Republican Senators Cynthia Lummis and Bill Cassidy on Monday jointly introduced the "Mined in America Act," aimed at expanding the role of cryptocurrency mining in the U.S. economy, while also codifying into law the executive order issued by Trump to establish a strategic Bitcoin reserve. The bill will direct the Department of Commerce to establish a "voluntary certification program" for mining pools and facilities, while requiring certified facilities to begin "phasing out mining machines manufactured by foreign adversaries."

In a statement, Lummis said: "Trump promised to make America the capital of the digital asset world, and we will not back down. The 'Mined in America Act' will bring this industry back home through forward-thinking measures to secure our financial future." Senator Cassidy added on X: "Digital asset mining is a crucial part of our economy that we should advance domestically."

In terms of background, Trump had already signed an executive order in March of this year to establish a strategic Bitcoin reserve based on the Treasury Department's ability to seize Bitcoin held in criminal or civil asset forfeiture. In the same month, Lummis introduced a bill based on this executive order. The newly introduced mining bill is her latest move in the cryptocurrency legislative field, in addition to pushing forward broader cryptocurrency market structure and crypto tax reform bills in parallel. Lummis had previously announced that she would not seek re-election, with her term expiring in January 2027.