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Breaking News: Google Says End For Bitcoin Is Near? Quantum Computers Could Attack Crypto This Soon
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Breaking News: Google Says End For Bitcoin Is Near? Quantum Computers Could Attack Crypto This Soon

Bitcoin Mining Nationalized? US Senators Float Bold New Reserve-Backed Bill

Christian Encila
Christian Encila
Last Updated: April 1, 2026 12:30 am
3 mins read
Bitcoin

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About 97% of the machines used to mine Bitcoin currently come from companies based in China. This heavy reliance on foreign technology has created a bottleneck at American ports and raised alarms about the long-term security of the network.

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To fix this, US Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act. The bill aims to move the production of specialized computer chips and mining rigs onto American soil.

Cleaning Up The Mining Supply Chain

The proposed law creates a special “Mined in America” certification for data centers. To earn this label, a facility must prove it is not using equipment made by “foreign adversaries.”

This would force a massive shift in how the industry operates. Right now, most miners buy their hardware from Chinese giants like Bitmain or MicroBT. Under the new rules, companies would have to phase out that gear in favor of US-made alternatives. It is a bold attempt to build a domestic industry from the ground up.

Digital asset mining is a big part of our economy. We should be doing it here in America.

Proud to introduce the Mined in America Act with @SenLummis, which secures supply chains, backs U.S. manufacturing, and supports this key industry.https://t.co/qZdv6SEe3g

— U.S. Senator Bill Cassidy, M.D. (@SenBillCassidy) March 30, 2026

Reports indicate that federal agencies would play a major role in this transition. The National Institute of Standards and Technology would be tasked with helping US manufacturers develop more efficient chips.

This move is designed to ensure that the US does not just host the mining power, but actually owns the technology behind it. By making the hardware at home, the industry could avoid the shipping delays and customs seizures that have slowed down growth over the last year.

BTCUSD currently trading at $67,571. Chart: TradingView

Connecting Mining To National Reserves

The legislation does more than just worry about hardware. It also seeks to lock in a plan for a Strategic Bitcoin Reserve. US President Donald Trump has previously expressed support for the government holding a stockpile of the digital currency.

This bill would codify that idea into law. It suggests that the Bitcoin held in this national reserve should ideally come from “Mined in America” facilities. This creates a direct link between national security and the computers humming in rural warehouses across the country.

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Data shows the US currently accounts for roughly 38% of the global hashrate, which is the total computing power used to secure the Bitcoin network. While that makes the US a leader in operations, it remains a follower in manufacturing.

Officials said the bill would use the Manufacturing Extension Partnership to give small and medium-sized American factories the tools they need to compete. The goal is to turn Bitcoin mining into a pillar of American industrial policy rather than just a niche financial activity.

Featured image from Unsplash, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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