The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InSenators Bill Cassidy and Cynthia Lummis introduced the 'Mined in America Act' to strengthen domestic digital infrastructure and codify a national Strategic Bitcoin (BTC) Reserve. The legislation explicitly links this reserve to an executive order issued by Donald Trump, aiming to formalize BTC as a key national asset. A voluntary certification program administered by the U.S. Department of Commerce will oversee mining facilities, with a strict deadline for full hardware compliance set for 2030. Notably, the bill targets Chinese firms Bitmain and MicroBT for replacement to protect the U.S. share of 38% of the global hashrate. However, the proposed legislation has recently raised intense discussions and concerns regarding the potential prospect of nationalizing the Bitcoin mining sector. Critics suggest these measures could lead to excessive government control over what is traditionally a decentralized industry. Market experts maintain that while these concerns exist, the legislative backing provides significant long-term fundamental support for Bitcoin and U.S.-based mining firms.