PANews reported on March 31 that, according to The Block, Republican Senators Cynthia Lummis and Bill Cassidy introduced the "American Mining Act," which aims toPANews reported on March 31 that, according to The Block, Republican Senators Cynthia Lummis and Bill Cassidy introduced the "American Mining Act," which aims to
US senators have introduced the "US Mining Act," which proposes to include strategic Bitcoin reserves in law.
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PANews reported on March 31 that, according to The Block, Republican Senators Cynthia Lummis and Bill Cassidy introduced the "American Mining Act," which aims to expand the role of cryptocurrency mining in the US economy and enact President Trump's executive order on establishing a strategic Bitcoin reserve. The bill would instruct the Department of Commerce to establish a voluntary certification program for mining pools and facilities, and require certified facilities to phase out mining equipment manufactured by companies associated with foreign adversaries.
Lummis stated that the bill aims to bring the mining industry back to the United States through forward-looking initiatives, securing the nation's financial future. Previously, Trump promised during his campaign to make the U.S. the "crypto capital of the world," and in March of this year, he signed an executive order establishing a strategic Bitcoin reserve funded by judicially seized Bitcoin.
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