The bill would effectively turn miners into their own surveillance teams, collecting and reporting information to the government in exchange for economic favoritism.

The Mined In America Act of 2026 introduced by Senator Cassidy of Louisiana and Senator Lummis of Wyoming is the first instance of the United States Federal Government addressing Bitcoin mining from a national security perspective.

The bill establishes a certification program requiring a phase out of foreign adversary produced mining hardware and barring foreign ownership in order to receive government grants, loans, and capital gains exemptions. It also seeks to explicitly codify a Strategic Bitcoin Reserve in legislation following the Executive Order signed by Trump last year, introducing financial incentives for miners to sell their coins to the United States government. 

This would establish a subsidy and incentive framework that disproportionately benefits “certified” miners in the United States, distorting the overall economic incentives of the Bitcoin network, and captures U.S. based miners in a situation where dependence on associated loan or grant programs makes it economically non-viable for them to deny government demands for further information or monitoring.

...read more at therage.co