Sponsors (3)
The bill aims to build a domestic crypto‑mining and grid‑interactive compute industrial base, strategic Bitcoin holdings, and regulatory clarity to bolster jobs, security, and grid flexibility — but it does so at the cost of taxpayer exposure to Bitcoin volatility, increased energy use and emissions in some regions, added compliance burdens, and potential market and trade distortions.
U.S. manufacturers, engineers, and small producers gain grants, technical assistance, procurement preference, and export opportunities that could create or preserve domestic manufacturing and high-performance computing jobs.
The federal government would establish legal authority and a Strategic Bitcoin Reserve (including staking/airdrops) and act as a potential buyer for miner-produced Bitcoin, which could generate dedicated proceeds for reserve purchases and create a consistent buyer for some miner supply.
Certified U.S. or allied proof-of-work mining and grid-interactive compute facilities become eligible for federal loans, grants, guarantees, procurement preference and a public registry, supporting project financing, grid integration, and local job creation.
Taxpayers and the federal balance sheet would be exposed to Bitcoin price volatility and fiscal risk (potential losses on stockpiled assets), and the bill also creates tax exclusions that reduce federal revenue for certified miners.
The legislation could prolong or expand energy‑intensive proof‑of‑work mining and increase electricity consumption and emissions in some regions despite efficiency measures, worsening local environmental and grid-strain concerns.
Operators face significant compliance, certification, hardware‑replacement, audit, and administrative costs (including deadlines and two‑year renewals), raising operating costs for miners and potentially increasing electricity prices in hosting communities.
Based on analysis of 11 sections of legislative text.
Establishes a Treasury Strategic Bitcoin Reserve and a Mined-in-America certification to shift PoW mining hardware to U.S. or friendly‑nation manufacture, expands DOE financing, and creates a tax exclusion for certified miners.
Official title: Direct the Secretary of Commerce to establish a voluntary Mined in America Certification Program, to use Federal programs and authorities to promote the replacement of mining hardware related to foreign adversaries with compute infrastructure manufactured in the United States or friendly nations, and for other purposes.
Introduced March 26, 2026 by Bill Cassidy · Last progress March 26, 2026
Creates a permanent Strategic Bitcoin Reserve and a Digital Asset Stockpile at Treasury, establishes a voluntary "Mined in America" certification for proof-of-work mining facilities and pools that phases out use of mining hardware tied to foreign adversaries, and uses federal programs (DOE loan guarantees, NIST grants, Treasury authorities) to encourage domestically- or friendly-nation-manufactured mining and high-density compute infrastructure. The bill also adds a tax exclusion for certified miners who sell qualifying mined Bitcoin to the Strategic Reserve, directs multiple cross-agency studies on grid integration and decentralized AI, and authorizes Treasury to stake or otherwise earn yield on certain digital asset holdings to acquire Bitcoin for the Reserve.