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The Republican Party in the United States has proposed the "American Mining Act," aimed at expanding mining activities and consolidating Bitcoin reserves.
Senators Cynthia Lummis and Bill Cassidy introduced the Mined in America Act, which seeks to promote the development of the crypto mining industry and codify President Trump's executive order establishing a strategic Bitcoin reserve into law.
The bill plans to strengthen the role of crypto mining in the U.S. economy while formalizing the policy arrangement regarding the strategic Bitcoin reserve through legislation. This reserve primarily consists of Bitcoin seized through law enforcement by the U.S. Treasury Department. The bill also requires the U.S. Department of Commerce to establish a voluntary certification system to regulate mining pools and mining farms.
Additionally, certified mining farms will gradually reduce dependence on mining equipment produced by companies associated with "foreign adversaries." Proponents state that the bill is one of the key initiatives to position the U.S. as a global digital asset hub and aims to enhance the country's strategic standing in the crypto industry chain.