Republican Senators Unveil "Mined in America Act" to Codify Strategic Bitcoin Reserve

Republican Senators Cynthia Lummis and Bill Cassidy on March 30 introduced the Mined in America Act, a bill designed to expand the role of cryptocurrency mining in the U.S. economy and write into law President Trump's previously signed executive order establishing a strategic Bitcoin reserve, according to The Block. The legislation would direct the Department of Commerce to set up a voluntary certification program for mining pools and facilities. It also calls for a gradual shift away from mining equipment made by foreign adversarial companies, replacing it with certified alternatives. "The Mined in America Act will bring this industry home through forwardlooking measures to secure America's financial future," Lummis said.