A bipartisan push led by Bill Cassidy and Cynthia Lummis introduces the Mined in America Act to expand domestic Bitcoin mining, creating a voluntary certification for mining operations to qualify as Mined in America and reduce reliance on foreign supply chains.

The legislation would codify a Strategic Bitcoin Reserve within the Treasury, funded by staking rewards, seized-asset airdrops, and discounted government purchases from certified miners, all designed to be budget-neutral and to stabilize supply.

Certified facilities would shift away from equipment tied to foreign adversaries and would integrate into existing federal energy and rural development programs, avoiding new federal spending authorities.

Industry data show Bitcoin mining hash rate remains robust despite price volatility, with the global hash rate hovering around 0.9 to 1.2 exahashes per second, signaling sustained investment in mining infrastructure.

Markets face regulatory scrutiny and price risk, with traders advised to monitor key levels and use stop-loss orders; momentum appears neutral with room to the upside as indicated by RSI around 55.

Market sentiment remains constructive, with a Greed index around 65 and rising active addresses, suggesting growing activity linked to mining-friendly policy news.

Historically, mining-related equities and diversified crypto portfolios have shown correlated gains, often surging 10-20% after pro-industry policy announcements.

Trading implications point to a potential bullish catalyst if the bill passes and institutional inflows rise, with technical levels showing support near $58,000, resistance near $65,000, and potential breakout toward $70,000; the 50-day EMA serves as a trend guide.

Subscriber note: the story is excerpted from the Unchained Daily newsletter, with an invitation to subscribe for updates.

Industry groups like the Satoshi Action Fund back the bill as a framework linking energy policy, manufacturing, and digital asset strategy to reduce foreign dependency.

Lummis’s broader tax reform agenda includes exempting small crypto transactions under $300 from capital gains and taxing mining or staking rewards only upon sale, aiming to reduce friction and support growth.

Policymakers are framing secure mining capacity and resilient supply chains as part of a digital asset strategy that leans on existing programs rather than creating new spending authorities.