The US Senate passed the GAIN Act, requiring chipmakers to prioritize domestic orders before exporting high-performance processors. This legislation aims to prevent backlogs in chip purchases and ensure US firms have access to advanced processors. However, the bill still needs approval from the House and the president to become law.

The export restrictions on AI and high-performance chips could impact the global crypto mining industry, making hardware harder to acquire. Tariffs and trade wars have already created challenges for the mining sector, reducing miner profitability. US-based mining companies have faced millions in liabilities due to increased trade duties on hardware originating from China.

The reciprocal trade tariffs announced by President Trump have affected the competitiveness of US-based miners in the global market. These tariffs could lower hardware prices outside the US, putting American miners at a disadvantage and potentially reducing the United States’ share of global hash rate. This could hinder the administration’s goal of becoming the crypto capital of the world.

Read more at Cointelegraph: Senate Passes GAIN Act as Part of 2026 National Defense Authorization Bill