The Republican Party proposes the "U.S. Mining Act," promoting expanded mining and consolidating Bitcoin 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 Trump to establish a strategic Bitcoin reserve.
The bill is planned to strengthen the role of crypto mining in the U.S. economy, while also solidifying earlier policy arrangements regarding the strategic Bitcoin reserve through legislative means. This reserve is mainly made up of Bitcoin obtained by the U.S. Department of the Treasury through enforcement seizures. The bill also requires the U.S. Department of Commerce to establish a voluntary certification system to regulate and manage mining pools and mining operations. In addition, certified mining sites would need to gradually reduce reliance on mining equipment produced by companies associated with “foreign adversaries.” The proposers said that the bill is one of the key initiatives to help the United States become a global digital asset hub, and that it is intended to enhance the country’s strategic position along the crypto industry supply chain.