Senate Leaders Propose Bill To Boost US Crypto Mining And Back Presidential Bitcoin Reserve

bitcoinistPublished on 2026-03-30Last updated on 2026-03-30

Abstract

Republican Senators Cynthia Lummis and Bill Cassidy introduced the Mined in America Act to strengthen U.S. cryptocurrency mining and formalize a national Bitcoin reserve. The bill establishes a voluntary certification program for mining operations, requiring certified facilities to phase out equipment from foreign adversaries. It leverages existing federal energy and rural development programs to support the transition and directs agencies to assist domestic hardware production. Additionally, the proposal codifies the Strategic Bitcoin Reserve under the Department of the Treasury, reinforcing Bitcoin as part of national policy. The initiative aims to position the U.S. as a global leader in digital assets and secure financial sovereignty.

Republican Senators Cynthia Lummis and Bill Cassidy on Monday unveiled the Mined in America Act, a proposal designed to bolster domestic crypto mining while formalizing the federal government’s growing interest in Bitcoin (BTC).

The bill would create a voluntary certification program to encourage US-based development of crypto mining operations and related infrastructure, require certified sites to move away from mining equipment tied to foreign adversaries, and codify President Donald Trump’s executive order establishing a Strategic Bitcoin Reserve.

New Plan To Grow US Crypto Mining

Under the measure, the Department of Commerce would stand up a voluntary “Mined in America” certification for cryptocurrency mining facilities and mining pools.

Facilities that seek the label would have to phase out mining hardware manufactured by companies linked to foreign adversaries, a provision aimed at reducing reliance on potentially insecure supply chains.

Rather than requesting new budgetary outlays, the bill would channel certified mining projects into existing federal energy and rural development programs to support the transition.

It also directs federal technical agencies to assist US manufacturers: the National Institute of Standards and Technology and the Manufacturing Extension Partnership would be tasked with helping domestic firms design and produce mining hardware.

The legislation is backed by the Satoshi Action Fund, which has advocated for policies to expand Bitcoin-related economic activity in the United States.

Strategic Bitcoin Reserve On Statutory Footing

Another high-profile element of the bill would be formal recognition of the Strategic Bitcoin Reserve announced in the White House executive order last year.

The Mined in America Act would codify that reserve by establishing it within the Department of the Treasury, giving the executive initiative a statutory anchor and signaling bipartisan interest in treating Bitcoin as a matter of public policy and national strategy.

Senator Lummis framed the new crypto bill as part of a broader push to make the United States a leading center for digital-asset activity. “President Trump pledged to make the United States the digital asset capital of the world— and we’re not backing down,” she said in a statement. Lummis added:

The Mined in America Act brings this industry home through forward-thinking initiatives to secure our financial future. I’m proud to join Senator Cassidy to ensure the future of digital assets is built right here in America.

The daily chart shows BTC’s price consolidation between $66,000 and $70,000. Source: BTCUSDT on TradingView.com

Featured image from OpenArt, chart from TradingView.com

Related Questions

QWhat is the name of the bill proposed by Senators Cynthia Lummis and Bill Cassidy, and what is its primary purpose?

AThe bill is called the Mined in America Act. Its primary purpose is to bolster domestic cryptocurrency mining and formalize the federal government's interest in Bitcoin by creating a voluntary certification program and establishing a Strategic Bitcoin Reserve.

QWhich federal department would be responsible for the 'Mined in America' certification program, and what is a key requirement for facilities seeking this certification?

AThe Department of Commerce would be responsible for the 'Mined in America' certification program. A key requirement is that facilities must phase out mining hardware manufactured by companies linked to foreign adversaries.

QHow does the bill propose to support the transition of certified mining projects without requesting new budgetary outlays?

AThe bill would channel certified mining projects into existing federal energy and rural development programs to support the transition, rather than requesting new budgetary outlays.

QWhat high-profile element of the bill would be established within the Department of the Treasury, and what was its origin?

AThe bill would formally establish the Strategic Bitcoin Reserve within the Department of the Treasury. This initiative was first announced in a White House executive order last year.

QAccording to Senator Lummis, what broader goal is this bill a part of, and which organization has backed the legislation?

ASenator Lummis stated the bill is part of a broader push to make the United States a leading center for digital-asset activity. The legislation is backed by the Satoshi Action Fund.

Related Reads

U.S. proposal to ease 401(k) rules could open door to crypto-linked investments

A new U.S. Department of Labor proposal aims to ease rules for 401(k) plans, potentially allowing greater inclusion of alternative assets like cryptocurrencies. The guidance clarifies fiduciary responsibilities under ERISA, emphasizing that investment decisions should be judged based on process rather than performance outcomes. This creates a "safe harbor" to reduce legal risks for plan managers who conduct thorough and objective analyses. While crypto is not explicitly mentioned, the framework could apply to digital asset investments as institutional products expand. The shift may encourage gradual diversification into non-traditional assets, reducing long-standing legal barriers and enabling broader access to alternative investments in retirement portfolios.

ambcrypto1h ago

U.S. proposal to ease 401(k) rules could open door to crypto-linked investments

ambcrypto1h ago

Is crypto security at risk? Google warns of 20x faster quantum threat

Google's research indicates quantum computing advances could threaten cryptocurrency security by breaking widely used encryption standards. The report warns cryptographically relevant quantum computers (CRQCs) with approximately 1,200-1,450 logical qubits could potentially break 256-bit elliptic curve encryption in minutes. This capability might compromise Bitcoin private keys in under nine minutes and expose up to 1,000 Ethereum wallets in roughly nine days, with an estimated 6.7 million Bitcoin addresses currently vulnerable. Google emphasizes a 20-fold reduction in required physical qubits, accelerating the quantum threat timeline. In response, Google advocates transitioning to post-quantum cryptographic standards by 2029, though implementation requires coordinated upgrades and policy changes. Failure to adapt may lead to exploitation risks and market instability. Asian countries show the highest search interest in post-quantum cryptography solutions.

ambcrypto2h ago

Is crypto security at risk? Google warns of 20x faster quantum threat

ambcrypto2h ago

Google research flags quantum attack risk as Ethereum advances post-quantum roadmap

New research involving Google warns that quantum computers with approximately 1,200–1,450 logical qubits could break elliptic curve cryptography—including the secp256k1 standard used in Bitcoin and Ethereum—within minutes. The study highlights two primary risks: “on-spend” attacks, where a quantum system could derive a private key during the 9–12 minute transaction confirmation window, and “at-rest” attacks on dormant wallets with exposed public keys. In response, Ethereum has launched a multi-year post-quantum roadmap aimed at transitioning to quantum-resistant cryptographic system across its protocol layers. However, the shift introduces challenges such as larger signatures, higher computational demands, and the need for coordinated upgrades. User migration to new wallet standards and the vulnerability of older assets also remain significant hurdles. While quantum threats are not immediate, the research underscores the importance of proactive preparation to mitigate long-term risks. Industry leaders like Changpeng Zhao acknowledge that, although transition is feasible, decentralized coordination and potential forks could complicate the process.

ambcrypto3h ago

Google research flags quantum attack risk as Ethereum advances post-quantum roadmap

ambcrypto3h ago

Research Status Report on AI Payment Protocols: The New Paradigm of Payment in the Agent Economy

AI Payment Protocol Research Status Report: A New Paradigm for Agent Economy Payments This report analyzes the rapid evolution of payment infrastructure designed for AI agents, driven by major industry moves from OpenAI, Google, Visa, Mastercard, Coinbase, and Stripe between late 2025 and early 2026. The core challenge is that traditional payment systems, built for human interaction, are incompatible with AI agents that require machine-readable interfaces, millisecond authorizations, and support for high-frequency micro-transactions. The emerging infrastructure is forming a two-layer architecture: 1. **Intent Orchestration Layer:** Translates agent intent into executable transactions. Two key segments exist: * **Agent Shopping for Humans:** Focuses on enabling agents to shop on human-centric e-commerce platforms. Protocols include OpenAI & Stripe's closed **Agentic Commerce Protocol (ACP)** and Google's open **Universal Commerce Protocol (UCP)** for standardized merchant interfaces. * **Agent-to-Agent (A2A) Transactions:** Solves trust issues in environments without human merchants, using blockchain-based smart contracts like **ERC-8183** for task execution and payment escrow. 2. **Settlement Layer:** Handles the actual movement of funds. Key competing protocols include: * **Stripe's SPT & Card Network Upgrades (Visa/Mastercard):** Extend existing card payments with delegated authorization tokens, ideal for standard retail but unsuitable for micro-payments. * **Coinbase's x402:** Uses the HTTP 402 status code for on-chain atomic swaps with stablecoins (e.g., USDC), enabling low-fee, account-less payments. * **Circle's Nanopayments:** An x402 enhancement for extreme micro-payments using off-chain batch processing. * **MPP (Stripe & Tempo):** A unified, pluggable framework supporting multiple payment rails (stablecoins, fiat, card tokens, Lightning Network) within a single "payment session." **Current State & Opportunities:** While core protocols are live, commercial adoption lags due to fragmentation in the intent layer. The key opportunities are: * **Settlement Layer:** Building multi-rail Agent wallets that abstract complexity and can route transactions across different payment protocols is a definitive, high-value opportunity. * **A2A Economy:** A significant blue-ocean opportunity exists in creating API services for agents to consume (e.g., data analysis, content creation) on a pay-per-use model (e.g., via HTTP 402), moving beyond subscription models. The future will see a dual-track evolution: consumer-facing agent commerce relying on card rails, and A2A transactions thriving on stablecoin rails. The inflection point will be when enterprises delegate spending authority to agents, making multi-rail wallets and service directories critical, unclaimed infrastructure.

marsbit3h ago

Research Status Report on AI Payment Protocols: The New Paradigm of Payment in the Agent Economy

marsbit3h ago

American Bitcoin crosses 7,000 BTC – But ABTC stock tells different story

Despite holding over 7,000 BTC (valued at $463.91 million) and ranking 16th among public Bitcoin treasury companies, American Bitcoin Corp (ABTC) faces a significant stock decline. The Trump-family-backed mining firm saw its stock drop 8.14% to $0.79, with an 88% decrease over the past six months. This contrasts with its substantial treasury growth, which has more than doubled its Satoshi Per Share metric since its Nasdaq debut seven months ago. While Bitcoin's price has been volatile, falling from its October 2025 high of $124,500 to around $66,591, ABTC remains focused on long-term Bitcoin accumulation, mirroring strategies like Michael Saylor's, despite short-term bearish investor sentiment.

ambcrypto3h ago

American Bitcoin crosses 7,000 BTC – But ABTC stock tells different story

ambcrypto3h ago

Trading

Spot
Futures

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片

Top Questions

Hot Categoriesright-arrow

Hot Tagsright-arrow