Sponsors (2)
Introduced March 26, 2026 by Bill Cassidy · Last progress March 26, 2026
The bill aims to strengthen U.S. supply chains, national security, grid resilience, and create market support for certified crypto‑mining and high‑density compute—but does so by directing taxpayer funds, creating regulatory advantages for certified actors, and imposing sourcing and compliance rules that raise environmental, fiscal, trade, and civil‑liberties risks.
U.S. manufacturers, tech workers, and small business owners gain support (grants, retooling, procurement preferences) to produce secure, energy‑efficient crypto‑mining and specialized compute hardware, preserving or creating domestic manufacturing jobs and supply‑chain capacity.
Utilities, grid operators, and communities can use demand‑response and repurposed mining/data‑center compute to shift load, reduce peak demand, and improve grid resilience by enabling grid‑interactive computing and conversions with financing support.
Federal cybersecurity and national‑security posture is strengthened by reducing reliance on foreign‑adversary hardware, funding secure hardware development, and requiring cybersecurity protocols for certified operators, lowering risks of supply‑chain compromise and attacks on critical blockchain/grid infrastructure.
Electricity consumers, taxpayers, and the environment face higher emissions and energy demand risk because the bill supports wider deployment and financing of proof‑of‑work mining and related high‑density compute, potentially increasing environmental footprints.
Taxpayers bear increased fiscal costs—direct spending on grants/assistance, contingent liabilities from loan guarantees, and reduced revenue from tax exemptions on Bitcoin sales—raising budgetary pressures and potential deficits.
The bill creates market distortions and competitive advantages (tax exemptions for certified miner sales to the Strategic Bitcoin Reserve, preferential grant/procurement support), advantaging certified or favored firms and potentially disadvantaging other miners and smaller innovators.
Based on analysis of 11 sections of legislative text.
Creates a Treasury Strategic Bitcoin Reserve and digital‑asset stockpile, establishes a "Mined in America" miner certification with phased foreign‑hardware limits, expands DOE loan eligibility, adds a tax exemption for certified miners, and funds studies and NIST support.
Creates new federal authorities and programs to expand U.S. involvement in cryptocurrency mining, digital-asset holdings, and related compute infrastructure. It directs Treasury to build a Strategic Bitcoin Reserve and a separate digital-asset stockpile, sets up a voluntary “Mined in America” certification for proof-of-work mining operations with phased limits on foreign‑made mining hardware, opens certain projects to DOE loan guarantees, creates a tax exemption for certified miners selling Bitcoin to the U.S. reserve, commissions studies on grid services and decentralized AI, and directs NIST support for secure, energy-efficient mining hardware.