'Mined in America' Act Tries to Yank Bitcoin Mining Back From China—While Everyone's AI Pivot Gets Spicy

Republican Senators Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) dropped the Mined in America Act on Monday, aiming to give Bitcoin miners some federal love and keep foreign adversaries from having too much say over the network. The bill would also lock Trump's executive order for a Strategic Bitcoin Reserve into law. Because nothing says "America First" quite like the government deciding which ASICs you're allowed to run in your basement.

"The Mined in America Act brings this industry home through forward-thinking initiatives to secure our financial future," Lummis said. "President Trump pledged to make the United States the digital asset capital of the world—and we're not backing down." Bold words from the senator who apparently believes the solution to Chinese hash rate dominance is just... asking nicely.

Under the legislation, mining operations could get certified as "Mined in America" through the Commerce Department. To earn that badge, they'd have to phase out equipment from companies tied to foreign adversaries like Russia and China. Once certified, projects could access existing federal energy and rural programs. The government would also help U.S. manufacturers build crypto mining gear on domestic soil. Nothing like a Good Housekeeping seal of approval, but for proof-of-work.

The Satoshi Action Fund helped craft the bill. CEO Dennis Porter called the industry's reliance on Chinese hardware a "liability"—and he's not wrong. Those machines account for 97% of Bitcoin's hash rate. That's not a dependency; that's a stranglehold. Imagine if 97% of America's cars were built by the same company in Shenzhen. Oh wait, that's basically already true with iPhones.

"Digital asset mining is a big part of our economy. We should be doing it here in America,"