Details of the Mined in America Act
US Republican senators Bill Cassidy and Cynthia Lummis introduced the “Mined in America Act” on Monday to bring Bitcoin mining back to the US and codify President Donald Trump’s Strategic Bitcoin Reserve executive order into law. The bill aims to create a voluntary “Mined in America” certification for crypto mining facilities and pools. Certified facilities will be required to phase out mining equipment produced by companies affiliated with “foreign adversaries” and support domestic mining hardware production. Cassidy stated, “Digital asset mining is a big part of our economy. We need to do it in America.”
US Global Leadership in BTC Hashrate
The US has been leading in Bitcoin hashrate since China’s crackdown in 2021, hosting about 38% of the network—twice that of Russia. This dominance stems from energy resources and infrastructure advantages. The bill directs the National Institute of Standards and Technology (NIST) and the Manufacturing Extension Partnership to assist US producers in developing more secure and energy-efficient crypto mining equipment.
- US Hashrate Share: 38%
- Russia: ~19% (half of the US)
- Others: Remaining 43%
China Mining Hardware Dependency and Solutions
97% of Bitcoin mining hardware comes from Chinese companies Bitmain and MicroBT. This dependency creates supply chain risks. Customs issues at the end of 2024 had impacted the US mining sector. The bill aims to reduce these risks by incentivizing domestic production. Certification will mandate domestic assembly of ASIC miners and accelerate innovations that improve energy efficiency.
Potential Impacts on BTC Price
BTC price is currently at $67,076.70, with a 24h change of +1.04%. RSI at 42.76 indicates the downtrend continues, EMA 20: $68,748.70. This bill could strengthen US mining, enhance network security, and support the price in the long term. For detailed analysis, check the BTC detailed analysis page.
| Level | Price | Score | Distance |
|---|---|---|---|
| S1 (Strong Support) | $60,000 | 72/100 | -10.21% |
| S2 | $66,568 | 70/100 | -0.38% |
| R1 (Strong Resistance) | $68,142 | 70/100 | +1.98% |
| R2 | $70,540 | 63/100 | +5.57% |
Expert Evaluation from Satoshi Action Fund
Satoshi Action Fund CEO Dennis Porter stated that the bill will create a cycle of domestic production, certified operations, energy infrastructure, and the Strategic Bitcoin Reserve. This could increase volume in BTC futures and position the US ahead in global competition. Technically, despite the Supertrend bearish signal, policy support could trigger a bull rally.
Source: Bill CassidySource: https://en.coinotag.com/mined-in-america-act-btc-mining-to-the-usa
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