Two senators introduced Bill Cassidy (Louisiana Republican) WCynthia Loomis (Republic of Wyoming) Bill “American Mining Law” on March 30, which aims to create a federal certification program for domestic Bitcoin mining operations and codify into law President Trump’s Executive Order on the Strategic Bitcoin Reserve.
The bill targets a structural flaw that the industry can no longer ignore: American control 38% From the global hash rate of Bitcoin, but it is imported 97% Of its mining equipment from China.
This divergence is the legislative core of the entire project; Geographic distribution of hash rate and hardware dependence are two completely different things and, currently, are moving in opposite directions.
Most important key points:
- Legislative scope: The Mined in America Act creates voluntary certification by the Commerce Department of mining facilities that commit to phasing out material received from foreign adversaries, with a requirement for a complete transition by the end of the decade.
- Federal access: Certified miners have access to existing Department of Energy (DOE) and USDA programs for grid stabilization, renewable energy capture, and methane capture, without the need for new federal spending.
- Reserve path: The plan legalizes Trump’s Strategic Bitcoin Reserve, creating a mechanism for licensed U.S. miners to sell newly mined Bitcoin directly to the reserve in exchange for capital gains tax exemptions.
- Hardware vulnerabilities: Customs inspections in late 2024 revealed vulnerabilities in the firmware of Chinese mining hardware that enable remote access, the security concern that underpins the mandate to phase out the hardware.
- What to watch out for: Submit the draft to the Commerce Committee or the Senate Energy and Natural Resources Committee, where that pathway will determine the timing of hearings and the extent of proposed adjustments to the incentive structure.
What does the Mined in America Act actually do and why is the certification structure important?
The basic mechanism of the project is a voluntary accreditation program administered by the Ministry of Commerce. Mining entities that choose to join commit to phasing out equipment manufactured by companies linked to foreign adversaries – China and Russia being explicitly mentioned – with a requirement for complete elimination by the end of the current decade.
This distinction is operationally important; The fact that the program is voluntary means that there are no penalties for non-participants, but the incentive architecture is designed to make certification economically attractive. Approved facilities will receive funding from DOE and USDA Rural Development programs, covering charges for stabilizing the grid, absorbing excess renewable energy, and capturing methane from landfills and oil fields.
The project does not require new financial allocations, which represents the project’s main political protection against fiscal hawks opposed to budget deficits.
The National Institute of Standards and Technology (NIST) and the Manufacturing Extension Partnership will be tasked with supporting U.S. companies developing domestic ASIC mining hardware, with mandates for domestic assembly. NIST’s role here is noteworthy, as it indicates that the project views hardware security as a standards issue, not just a business policy issue.
The legalization of the Bitcoin Strategic Reserve also adds a direct supply line from supply chains to the reserve. Licensed miners can sell new bitcoins to the reserve in exchange for capital gains tax breaks, a budget-neutral expansion mechanism that does not require the Treasury to go to the market to buy.
And he declared Dennis Porter“America controls 38% of the world’s Bitcoin hashrate, but 97% of the hardware it uses comes from China. This is not leadership. This is weakness,” said the CEO and co-founder of the Satoshi Action Fund, which co-wrote the legislation.
What to watch out for in the future
The immediate variable to monitor is the referral to the committee; Senate leaders will refer the project to either the Commerce, Science and Transportation Committee or the Energy and Natural Resources Committee, likely within weeks.
Referral to the Commerce Commission is the quickest route; The Energy and Natural Resources Committee has a busier agenda and more competing priorities in the second quarter of 2026.
Watch for passage of a companion bill in the House of Representatives within 60 days; Loomis has coordinated with his House counterparts on previous crypto legislation, and the political incentive to act in tandem is strong ahead of the midterm elections.
NIST’s initial guidelines for ASIC device development are a near-term indication; If these standards are released within 90 days of potential adoption, it indicates that the executive branch is moving forward with the implementation structure before a final vote, which is generally a sign that the White House is prioritizing the project.
For mining titles, the first indicator would be the DOE program eligibility guidelines; If the Departments of Commerce and Energy quickly release joint certification standards, expect action from companies like… MARA AndRIOT AndCLSK Based on current events before any real operational advantage arises.
The bill is now on the agenda, and the variable traders need to keep an eye on is whether the incentive structure will remain intact after committee review, particularly the capital gains tax exemption for reserve sales.
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