Sponsors (3)
The bill seeks to bolster U.S. crypto and high‑density compute capacity, domestic manufacturing, grid flexibility, and national‑security controls—while creating a federal Bitcoin reserve and certification regime that may deliver jobs and clearer rules but also increases taxpayer exposure to crypto volatility, raises environmental and compliance costs, and risks market distortions and international trade frictions.
Taxpayers and the federal government gain a new Strategic Bitcoin Reserve and purchaser (the Stockpile) that can generate proceeds (staking, airdrops, and purchases) to buy Bitcoin without new appropriations, creating a potential new asset for the U.S. and a buyer of miner-supplied coins.
U.S. manufacturers, engineers, and small suppliers receive grants, technical assistance, and preferential procurement that can support domestic production of mining and high‑performance compute hardware and create manufacturing and high‑tech jobs.
Federal sourcing and certification rules incentivize replacing foreign‑adversary hardware with U.S. or allied‑made equipment, reducing reliance on potentially risky foreign suppliers and improving national security posture for compute infrastructure.
Taxpayers and the federal budget face exposure to Bitcoin price volatility and contingent fiscal liabilities from a government stockpile, loan guarantees, and grant programs, risking losses or increased deficit pressure if asset values decline or projects default.
Electricity consumers, local communities, and the environment may see increased energy consumption and emissions if the bill effectively prolongs or expands energy‑intensive proof‑of‑work mining by integrating it into grid operations.
Mining operators, owners, and small businesses will face substantial compliance and replacement costs—documentation, audits, cybersecurity upgrades, and mandated replacement of foreign‑adversary hardware through 2030—that could increase operating costs and prices for hosted services.
Based on analysis of 11 sections of legislative text.
Creates a Strategic Bitcoin Reserve and Stockpile, certifies/group-limits mining hardware from foreign adversaries, expands DOE loan eligibility for compute projects, and excludes certain miner gains from taxable income.
Introduced March 26, 2026 by Bill Cassidy · Last progress March 26, 2026
Creates a permanent Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile managed by the Treasury, sets rules allowing the Treasury to acquire mined Bitcoin directly from certified miners, and establishes an account to receive staking rewards and other receipts to fund further Bitcoin purchases. Establishes a voluntary "Mined in America" certification for proof-of-work mining facilities and pools, phases out use of mining hardware from defined foreign adversaries by 2030, expands Department of Energy loan and financing programs to cover compute projects that replace foreign-related mining hardware with U.S.- or friendly-nation–made equipment, adds a tax exclusion for certified miners who sell Bitcoin to the Reserve, requires multiple agency studies (on grid services from mining/high-density compute and on decentralized AI infrastructure), and directs NIST to support secure, energy-efficient mining hardware development and manufacturing assistance. The bill uses regulatory certification, federal financing tools, procurement/tax incentives, and interagency studies to push mining hardware and compute infrastructure toward domestic or allied suppliers, to integrate high-density compute with grid services, and to build public holdings of Bitcoin for strategic purposes. It creates new definitions, deadlines for agency rulemaking, phased hardware-sourcing limits (2027–2030), and an account in Treasury that can use certain receipts without further appropriation to acquire Bitcoin and cover custody/staking costs.