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U.S. lawmakers are backing a bold move—proposing a $2.5 billion agency dedicated to ramping up domestic production of rare earths and critical minerals. This isn't just about industrial policy; it's a strategic play to reduce dependency on foreign supply chains.
Why should crypto folks care? Mining rigs and blockchain hardware rely heavily on rare earth elements and minerals. A stronger domestic supply could mean more stable hardware costs, less supply chain friction, and potentially better availability for those building Web3 infrastructure. It also signals how governments are getting serious about securing tech supply chains, which has broader implications for the entire ecosystem.
The move reflects growing concerns about supply vulnerabilities and geopolitical pressure. Whether this actually moves the needle on production timelines remains to be seen, but it's worth watching how these infrastructure investments ripple across the tech sector.