Sponsors (3)
Introduced March 26, 2026 by Bill Cassidy · Last progress March 26, 2026
The bill trades federal support for domestic mining, high-density compute, and a government Strategic Bitcoin Reserve — with potential job creation, grid benefits, and regulatory clarity — against fiscal exposure, higher compliance and energy costs, environmental concerns, supply‑chain frictions, and reduced transparency.
U.S. manufacturers, engineers, and tech workers gain government support and market opportunities as the bill promotes domestic production of proof-of-work mining equipment and high-density compute, creating jobs and strengthening supply-chain resilience.
Taxpayers and miners: the bill creates a Strategic Bitcoin Reserve with legal custody rules and allows staking/airdrop proceeds to be used to buy Bitcoin, and establishes a potential federal buyer, which may generate revenue and provide a stabilizing buyer for miner-produced supply.
U.S. and allied proof-of-work miners and operators can access federal loans, grants, procurement preference, cybersecurity standards, and a public registry through certification, lowering financing barriers and clarifying eligibility for federal programs.
Taxpayers and federal finances are exposed because creating and stocking a government Bitcoin reserve, plus backing loans or grants for conversions, subjects the federal balance sheet to Bitcoin price volatility and contingent liabilities that could produce losses.
Communities and electricity consumers could face larger environmental and electricity impacts because the bill may support expanded proof-of-work mining and reallocate energy program funds, increasing electricity demand and potentially diverting resources from broader clean-energy priorities.
U.S. miners and operators will incur significant costs because certification rules, phased bans on foreign-adversary hardware, and ongoing audit/cyber requirements force equipment replacement and add compliance and administrative expenses that raise operating costs.
Based on analysis of 11 sections of legislative text.
Creates a federal Strategic Bitcoin Reserve and Digital Asset Stockpile, sets a "Mined in America" mining certification with phased bans on foreign-adversary hardware, adds DOE loan eligibility and tax breaks for certified miners, and directs agency studies and NIST support.
Creates a permanent federal Strategic Bitcoin Reserve and a Digital Asset Stockpile, authorizes Treasury to acquire and hold mined Bitcoin, and establishes rules for custody, staking, and use of certain receipts to buy more Bitcoin. Sets up a voluntary "Mined in America" certification for proof-of-work mining operations and pools, phases out use of mining hardware tied to designated foreign adversaries by 2030, and provides federal support—loan guarantees, tax relief for certified miners, NIST grants, and agency studies—to shift mining and high-density compute to U.S. or allied supply chains and to integrate compute facilities with the electric grid. Authorizes DOE loan-guarantee and energy-reinvestment eligibility for compute projects that replace foreign-adversary mining hardware or convert mining sites into demand-responsive computing, directs multiple interagency studies (energy/grid and decentralized AI), and tasks NIST with supporting secure, energy-efficient mining hardware design and domestic manufacturing assistance.