The U.S. Republican Party proposes a mining bill to promote expanded mining and strengthen BTC reserves.

Golden Finance reports that on March 31, U.S. Senators Cynthia Lummis and Bill Cassidy introduced the “Mined in America Act,” aiming to promote the development of the cryptocurrency mining industry, and to incorporate into the legal system the executive order by President Donald Trump establishing a strategic Bitcoin reserve.
The bill plans to strengthen the role of cryptocurrency mining in the U.S. economy, while also consolidating prior policy arrangements regarding strategic Bitcoin reserves in the form of legislation. The reserve is mainly made up of Bitcoin obtained through law-enforcement forfeitures by the U.S. Treasury Department. The bill also requires the U.S. Department of Commerce to establish a voluntary certification system to regulate and manage mining pools and mining sites. In addition, certified mining sites are required to gradually reduce their reliance on mining equipment produced by companies associated with “foreign adversaries.” The bill’s proponents said the legislation is one of the key initiatives to help the United States become a global hub for digital assets, and is intended to enhance the nation’s strategic position in the cryptocurrency industry supply chain.