The United States government is making a significant shift in its approach to Bitcoin (BTC) businesses, with Secretary of Commerce Howard Lutnick leading the charge. In a recent interview with Bitcoin Magazine, Lutnick outlined a vision that includes regulatory clarity, energy independence for miners, and the official recognition of Bitcoin in national economic reporting.
Lutnick emphasized that Bitcoin should be treated as a commodity, similar to oil or gold, rather than a currency. Under the Trump administration, Bitcoin will be classified as a commodity, providing a clear regulatory framework for businesses operating in the space. He also suggested that the Bureau of Economic Affairs could include Bitcoin in national economic accounts, further legitimizing its status as a valuable asset.
One of the key initiatives introduced by the Department of Commerce is an investment accelerator program, launched on March 31. This program aims to assist companies in navigating regulations and permits, with a focus on supporting Bitcoin mining firms. Lutnick highlighted the potential for miners to build their own power plants near gas fields, reducing energy costs and increasing operational efficiency.
In his interview, Lutnick expressed confidence in the future of Bitcoin businesses in America, stating that the U.S. is the ideal environment for growth and innovation. He encouraged companies in the industry to invest in America and assured them of the administration’s support for their long-term success. According to Lutnick, America’s embrace of Bitcoin is unwavering and will lead to a new era of digital asset growth in the country.
As the Trump administration prioritizes making the U.S. a leading hub for Bitcoin innovation and infrastructure, the industry can expect a supportive and conducive environment for continued growth and development. With a clear regulatory framework and government support, Bitcoin businesses in America are poised for success in the evolving digital economy.