The U.S. backs Bitcoin mining by allowing private power setups near natural gas fields to cut grid reliance.
Bitcoin may be added to national accounts as a commodity just like gold and oil.
New support program helps Bitcoin firms get permits and launch projects faster in the U.S.
The United States will support Bitcoin mining by encouraging the creation of private power systems near natural gas fields. The move aims to reduce reliance on the public power grid and speed up domestic Bitcoin mining operations.
Commerce Secretary Howard Lutnick confirmed the plans to back miners building data centers and energy plants near gas resources. The strategy will allow companies to use waste gas to power their operations. This shift intends to make miners energy independent and more efficient.
https://twitter.com/WuBlockchain/status/1917055622090264708 Investment Accelerator to Support Permitting and Expansion
The Department of Commerce will assist miners in navigating regulations and securing permits through the Investment Accelerator office. The office was formed following an executive order signed under the Trump administration. It helps investors start projects faster by offering guidance and regulatory clarity.
Bitcoin businesses will benefit from this structure as they expand operations within the country. The government’s support is expected to attract companies affected by previous policies. The approach will also streamline the launch of mining projects near energy resources.
Officials hope the program will eliminate regulatory confusion and give Bitcoin firms a direct pathway for legal operation. It also aims to cut delays often faced during the setup of new mining facilities.
Bitcoin to be Treated as a Commodity in National Accounts
The Commerce Department is exploring how Bitcoin could be included in official economic metrics. Plans are underway to treat Bitcoin as a commodity like gold or oil. The Bureau of Economic Affairs may integrate Bitcoin into national economic accounts such as GDP.
Currently, gold is used in both GDP calculations and international trade statistics. Including Bitcoin in these frameworks could mark a shift in how digital assets are viewed at the federal level.
Officials believe this move will support the digital asset market and recognize Bitcoin’s role in global finance. It would also formalize the commodity status of Bitcoin in national data collection processes.
Focus Shifts to Making U.S. a Bitcoin Mining Hub
The administration seeks to attract Bitcoin companies and boost domestic mining capacity. Support includes regulatory assistance and access to energy from natural gas fields. Bitcoin data centers will be built directly next to power sources to reduce reliance on the grid. This setup helps lower energy costs and avoids public power supply issues.
With strong internal support, the U.S. aims to become a global leader in Bitcoin infrastructure and innovation. The goal is to build a reliable ecosystem that supports long-term crypto investment.
