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Elena R
Elena R
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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Apr 29, 2025 06:02 UTC
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U.S. Secretary of Commerce Howard Lutnick Says “America Is Ready for Bitcoin”
Commerce Dept. launches Bitcoin Mining Accelerator to fast-track U.S. projects and promote energy-efficient crypto growth.
Lutnick declares Bitcoin a U.S. commodity, not currency, signaling plans to include BTC in official trade and GDP data.
Bitcoin is making serious waves across the U.S. as political support, easing regulations, and falling interest rates set the stage for a historic year in crypto. After briefly hitting an all-time high of $109,000, Bitcoin is gearing up for another rally, with experts predicting even bigger gains in the second quarter of 2025.
Meanwhile, a powerful message is coming from Washington: Bitcoin’s future is firmly rooted in American soil.
Howard Lutnick Unveils Bold Bitcoin Expansion Plan for the U.S.
In a recent interview, U.S. Secretary of Commerce Howard Lutnick unveiled an aggressive plan to supercharge the Bitcoin industry. Lutnick said the government is now ready to fully embrace Bitcoin, revealing initiatives to allow miners to build private power plants and data centers near natural gas fields.
“America is ready to welcome Bitcoin with open arms,” Lutnick stated.
The move marks a sharp turn from the regulatory hostility seen under the previous administration. Now, with SEC Chair Paul Atkins taking charge, the crypto community is anticipating clearer and more transparent regulations. The SEC’s recent dismissal of all crypto cases has already injected fresh confidence into the market.
Bitcoin Mining Accelerator Launches
One of the biggest developments is the Investment Accelerator, launched by the Commerce Department on March 31, 2025. The initiative aims to fast-track Bitcoin mining projects, helping companies secure permits, understand regulations, and start operations quickly.
Lutnick also highlighted the plan for miners to build private power plants near natural gas fields, allowing them to tap waste gas for energy. This strategy could “turbocharge” Bitcoin mining in the U.S., reducing dependency on traditional power grids while promoting energy efficiency.
Bitcoin: A Commodity, Not a Currency
During the discussion, Lutnick made another critical point: Bitcoin is a commodity, not a currency—placing it alongside gold and oil. He hinted that Bitcoin could soon be integrated into the Bureau of Economic Affairs’ official economic statistics, further cementing its role in America’s GDP and trade reports.
“Bitcoin’s economic significance is undeniable. It’s time we treat it that way,” Lutnick added.
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The Trump Administration’s Full Support for Bitcoin
Lutnick made it clear that the Trump administration is taking a fundamentally different approach compared to the Biden era. He called out the previous administration’s hostile stance toward crypto businesses and emphasized that this new pro-Bitcoin attitude is here to stay.
Notably, the administration now has strong Bitcoin advocates, including AI and Crypto Czar David Sacks, helping to shape a bullish future for the industry.
“When America embraces something, it doesn’t turn back,” Lutnick concluded.
With political backing, regulatory clarity, and investment incentives lining up, Bitcoin’s next big chapter in the U.S. may just be getting started.
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