Proposed GOP Bill Targets Foreign Crypto Mining Hardware

Republican senators on Monday unveiled a bill to stop US crypto mining companies from using equipment tied to China and other foreign adversaries.

The legislation, led by Louisiana Senator Bill Cassidy and Wyoming Senator Cynthia Lummis, would require certified facilities to phase out such hardware, while also codifying President Donald Trump’s 2025 executive order establishing a Strategic Bitcoin Reserve within the Treasury Department.

“Digital asset mining is a big part of our economy,” Cassidy said in a release. “This bill will secure supply chains, bolster US manufacturing, and support this industry.”

The move comes after Democratic Senator Elizabeth ...