The Republican Party of the United States has proposed the "American Mining Act" to promote the expansion of mining and consolidate Bitcoin reserves
U.S. Senators Cynthia Lummis and Bill Cassidy introduced the "Mined in America Act," aimed at promoting the development of the cryptocurrency mining industry and codifying President Trump's executive order to establish a strategic btc-42">Bitcoin reserve into law.
The bill plans to strengthen the role of cryptocurrency mining in the U.S. economy while consolidating previous policy arrangements regarding the strategic Bitcoin reserve through legislation. This reserve is primarily composed of Bitcoin seized by the U.S. Treasury through law enforcement actions. The bill also requires the U.S. Department of Commerce to establish a voluntary certification system to regulate and manage mining pools and mining sites. Additionally, certified mining sites must gradually reduce their reliance on mining equipment produced by companies associated with "foreign adversaries." Proponents of the bill state that it is one of the important measures to promote the U.S. as a global digital asset center and aims to enhance the nation's strategic position in the cryptocurrency industry chain.
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