Howard Lutnick, the United States Secretary of Commerce, has called Bitcoin America’s “new gold,” suggesting a significant shift in US Bitcoin regulation. Speaking recently with Bitcoin Magazine, Lutnick confirmed the Trump administration fully supports BTC. This signals a new US crypto policy direction. He highlighted Bitcoin’s limited supply and distinct characteristics, stating its scarcity mirrors the rarity that has historically underpinned gold’s value.
Detailing the new environment for BTC, the Secretary explained how the administration’s proactive steps have significantly reshaped the crypto landscape. Bitcoin, once viewed with caution, is now welcomed under the new Trump administration as a key asset in America’s economic plan. Lutnick, an enthusiast since 2017, uses his position to foster investment, innovation, and mining within the United States. This connects Bitcoin’s expansion directly with the American entrepreneurial spirit.
US Bitcoin Regulation Shift: Bitcoin Is ‘Digital Gold’, Says Lutnick
Fundamental to Lutnick’s viewpoint is his conviction that Bitcoin should be treated as a commodity, distinct from a currency. He drew comparisons to oil and gold, arguing BTC’s worth stems from scarcity and market demand factors. This perspective naturally aligns this digital currency with America’s existing commodities framework. This classification under US Bitcoin regulation might shape future practices and potentially incorporate BTC into national economic data. This is similar to how the Bureau of Economic Analysis handles gold.
EXCLUSIVE: US Commerce Secretary Howard Lutnick on America's #Bitcoin Strategy | The Full Bitcoin Magazine Interview pic.twitter.com/kWg0poMYrR
— Bitcoin Magazine (@BitcoinMagazine) April 28, 2025
Lutnick proposed that Bitcoin could eventually factor into GDP and trade figures, acknowledging its growing significance in global commerce. A change like this would represent a major validation of BTC within federal accounting standards, reinforcing its position in America’s financial landscape and potentially attracting more investment. The Secretary’s comments signal a strategic shift in crypto regulation, aiming to integrate this cryptocurrency into established economic structures. Moreover, this solidifies its role within the US Bitcoin regulation frameworks.
How Will the US Boost Bitcoin Mining Support?
Regarding his comprehensive Bitcoin strategy, Lutnick introduced the Department of Commerce’s “Investment Accelerator,” a fresh initiative designed to simplify large projects. This mining support program aims to significantly reduce bureaucratic obstacles for qualifying operations. This official Bitcoin mining support directly assists by offering an accelerated process for obtaining permits and managing necessities related to US Bitcoin regulation. The initiative aims to cultivate a business climate where miners prosper without undue obstacles.
Lutnick announced further Bitcoin mining support, encouraging miners to set up private power stations near their operations. Miners can reduce their reliance on the public grid and lower operating costs by utilizing untapped resources, such as flare gas. According to the Secretary, this self-reliant model is expected to “turbocharge” American operations and simultaneously promote more sustainable energy practices throughout the sector.
Why is US Crypto Policy Becoming More Welcoming?
The Secretary clearly communicated that the United States is actively establishing itself as a welcoming location for Bitcoin and related ventures. Emphasizing America’s supportive stance, he encouraged Bitcoin entrepreneurs to ‘figure out how to win’ within the country. Lutnick asserted that the previous unwelcoming approach to US Bitcoin regulation is gone, leading to a new period defined by opportunity.
Underscoring the Trump administration’s solid dedication, Lutnick mentioned that America’s acceptance of BTC is enduring. “You’ve never seen the United States of America embrace something and then turn their back on it later,” he stated confidently. This assurance aims to reassure investors, miners, and developers, confirming a long-term commitment to championing Bitcoin innovation.
What’s Next for US Crypto Policy and Bitcoin’s Role?
Lutnick’s remarks envision an appealing future where BTC becomes a foundational element of the American economy. He aims to ignite a new surge of opportunity by linking Bitcoin’s progress with principles of entrepreneurship, innovation, and economic liberty. This vision seeks to benefit communities that conventional financial frameworks have excluded.
As this digital currency integrates more deeply into America’s economic character, Lutnick’s programs might offer a model for other nations. This shows how countries can effectively incorporate digital assets into their economies. The United States seems prepared to spearhead the global Bitcoin movement, whether by classifying BTC as a commodity or nurturing miner independence. Howard Lutnick appears central to this national effort.
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