U.S. senators push “Mined in America Act” to cut reliance on Chinese miners

Republican senators Bill Cassidy and Cynthia Lummis have introduced a new bill that seeks to bring Bitcoin mining manufacturing back to the U.S. and support the establishment of a Strategic Bitcoin Reserve. On Monday, the two senators introduced the “Mined in America Act,” which will offer a voluntary certification framework for crypto mining facilities and mining pools. Facilities receiving the certification would be required to phase out mining equipment linked to “foreign adversaries,” and transition toward domestically manufactured hardware. Additionally, the bill directs the National Institute of Standards and Technology and the Manufacturing Extension Partnership to support domestic firms in…