Commerce Secretary Lutnick revealed that the U.S. will allow miners to build power plants and data centers near natural gas deposits to accelerate Bitcoin mining in the United States. Lutnick previously stated that the U.S. would welcome Bitcoin into the financial family of global financial markets, and that Cantor Fitzgerald would be the sponsor.
Secretary Lutnick also encouraged Bitcoin companies to establish themselves in the U.S., stating that the Trump administration was doing everything possible to welcome these companies to the country following the hostile treatment received by the Biden administration. President Trump previously issued an executive order establishing the U.S. Investment Accelerator office (Investment Accelerator) within the Department of Commerce.
According to Lutnick, the Investment Accelerator launched by the Department of Commerce aimed to help companies wishing to invest in the United States to kickstart new projects. He also considered that the Investment Accelerator would be beneficial for Bitcoin mining companies as it clearly explained the regulations they needed to understand and helped them obtain the necessary permits.
“We are going to make it so that if you want to mine Bitcoin and find the right place to do it, you can build your own power plant next to it.”
– Howard Lutnick, U.S. Secretary of Commerce.
