U.S. Secretary of Commerce Howard Lutnick Has a Bitcoin Vision for America
Bitcoin Magazine U.S. Secretary of Commerce Howard Lutnick Has a Bitcoin Vision for America On Wednesday, April 23, 2025, I sat down with U.S. Secretary of Commerce Howard Lutnick to discuss his Bitcoin vision for Americ...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin Magazine
U.S. Secretary of Commerce Howard Lutnick Has a Bitcoin Vision for America
On Wednesday, April 23, 2025, I sat down with U.S. Secretary of Commerce Howard Lutnick to discuss his Bitcoin vision for America.
We discussed the U.S. Department of Commerce’s new investment accelerator that will benefit Bitcoin mining companies; why he views bitcoin as a commodity, like gold; and why it’s only natural that the Bitcoin industry finds a home in the United States.
Bitcoin Miners to Benefit from Investment AcceleratorOn March 31, 2025, the Commerce Department launched an investment accelerator.
The aim of the accelerator is to help firms that want to invest in America get new projects off the ground.
It assists by making clear to companies what regulations they must understand, and it helps them to obtain the necessary permits.
Secretary Lutnick envisions the investment accelerator being beneficial to Bitcoin mining companies.
“We’re going to make it so that if you want to mine Bitcoin and you find the right place to do it, you can build your own power plant next to it,” said Secretary Lutnick in the interview.
“You don’t necessarily need to be on the grid, and you are going to see this happen: miners are going to put their data centers on top of gas fields, and then put a plant right next to them so that they won’t be behold to drawing power [from the existing grid],” he added, alluding to the notion that Bitcoin miners can use waste gas to power their operations.
“You’ll see the next generation of miners in America will be able to control their destiny and control the cost of power, [which], I think, is going to turbocharge Bitcoin mining in America.”
Bitcoin as a CommodityToward the middle of the interview, Lutnick expressed that he views bitcoin as a commodity and not as a currency.
“Bitcoin is a commodity, and it should be treated like a commodity,” said Secretary Lutnick.
“It should be treated like oil. It should be treated like gold,” he added.
“It’s not a currency.”
Secretary Lutnick stated that in treating bitcoin as a commodity, he might consider having the Bureau of Economic Affairs (BEA) employ bitcoin in its calculations the same way it employs gold.
Currently, the BEA uses gold to refine and calculate its National Economic Accounts, which includes GDP. The bureau also accounts for gold in trade statistics, recording gold exports and imports as part of its International Transactions Accounts (ITAs).
Bitcoin Is Welcome in the United StatesSecretary Lutnick stressed that the Bitcoin industry is welcome in the United States.
He noted that the current administration has true Bitcoin believers in it, like himself and White House AI and Crypto Czar David Sacks, and that he wants to see Bitcoin thrive in America.
“America is the most extraordinary business place on Earth,” said Secretary Lutnick.
He added that the goal is for the Bitcoin industry to figure out how to “win in America” because the Trump administration plans to help the industry achieve the highest degree of success here, an approach that is the polar opposite approach of the previous administration’s.
“It was treated under the Biden administration like you were doing something wrong,” said Secretary Lutnick.
“Now you have that in the rear view mirror, and it’ll never come back,” he added.
And when he said “never,” he didn’t just mean never as far as the Trump administration is concerned. He meant that the United States is a Bitcoin country from here on out.
“You’ve never seen the United States of America embrace something and then turn their back on it later,” said Secretary Lutnick. “That’s never happened.”
This post U.S. Secretary of Commerce Howard Lutnick Has a Bitcoin Vision for America first appeared on Bitcoin Magazine and is written by Frank Corva.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
OKX Eyes 63 U.S. Stocks in Major Tokenized Trading Expansion
Key Takeaways: OKXICE informed the SEC about its plan to establish an online platform called “Tokenized Securities Venue” that wou...
James Van Straten: BTC Bull Market Has Begun – Rotation from Gold Driver Back to $126K
Bitcoin Magazine James Van Straten: BTC Bull Market Has Begun – Rotation from Gold Driver Back to $126K Where will the money for B...
Kalshi’s 15-Minute Gold Bets Top Ether as Fast Markets Drive Fees
Kalshi’s public data shows its 15-minute gold markets traded more contracts than their ether counterparts in September, their seco...
Bitcoin Falls Below $81,000 as Oil Spikes, Fed Talks Tough
Bitcoin Magazine Bitcoin Falls Below $81,000 as Oil Spikes, Fed Talks Tough Bitcoin’s price has dropped further, sliding with othe...
US government moves another $1 billion in Bitcoin as BTC slides $4,000
US government-linked wallets moved over $1 billion in Bitcoin on Oct. 8 as BTC prices fell and more coins reached Coinbase Prime....
Coinbase And Samsung Bring USDC Directly Into Samsung Wallet
TL;DR: Coinbase is powering USDC inside Samsung Wallet, with the stablecoin feature due to reach 82 million compatible Galaxy devi...