U.S. Commerce Secretary Unveils Aggressive Bitcoin Mining Strategy—Wall Street Already Calculating Tax Loopholes
The Biden administration drops a bombshell on crypto: A national blueprint for Bitcoin mining that could reshape energy markets—and line the pockets of early adopters.
From coal country to hash rate hegemony
The plan repurposes defunct industrial sites for mining ops, dangling juicy tax incentives. Critics whisper it’s a desperate play for midwestern votes disguised as infrastructure policy.
The energy paradox
While touting ’sustainable’ mining, the proposal quietly fast-tracks approvals for fossil-fuel backup generators—because nothing says ’green revolution’ like Wyoming natural gas powering ASICs.
Goldman analysts are reportedly drafting three conflicting research reports simultaneously: ’Sell’ for ESG clients, ’Buy’ for hedge funds, and ’Meh’ for everyone else.
$94,846 mining. In a special interview on April 23, 2025, Lutnick announced that the U.S. will accelerate Bitcoin mining by supporting companies in establishing their own electrical infrastructure and evaluating the inclusion of Bitcoin in national economic accounts.
ContentsMiners Will Generate Their Own ElectricityBitcoin Might Become Part of U.S. Economic Planning
Miners Will Generate Their Own Electricity
According to Lutnick, the U.S. Department of Commerce has launched a new accelerator program to facilitate investment in mining companies. Announced on March 31, this initiative aims to clarify the permits and regulations needed to guide investors in developing projects.
Notably, Lutnick emphasized that mining operations will no longer need to rely on public electricity grids. He stated that Bitcoin miners could establish data centers on natural gas fields, drawing power directly from on-site power plants. This arrangement is expected to reduce electricity costs and alleviate pressure on infrastructure.
Lutnick referred to this model as “self-determining miners,” arguing that it will significantly boost mining activities in the U.S. He also highlighted the environmental sustainability potential of converting waste gas into electricity as a vital opportunity.
Bitcoin Might Become Part of U.S. Economic Planning
As the interview progressed, Lutnick drew a clear distinction regarding the nature of Bitcoin. He articulated that Bitcoin is not a currency but rather a commodity like gold or oil, suggesting that this perspective may influence economic planning as well.
He added that the Bureau of Economic Analysis (BEA) could evaluate Bitcoin similarly to how it assesses commodities like gold in GDP and foreign trade calculations. If this happens, Bitcoin would gain an official role in economic indicators.
Should such a step be taken, Bitcoin’s imports and exports could also be included in the U.S. International Transactions Accounts (ITA). Consequently, cryptocurrencies would not only serve as investment vehicles but also become official economic components.
Lutnick emphasized that Bitcoin has now established a legitimate and enduring presence in the U.S., contrasting the current administration’s supportive stance with previous skepticism. He stated that the doubts surrounding Bitcoin are now a thing of the past, affirming that the cryptocurrency‘s future in America is built on solid foundations.
Finally, Lutnick reminded that the U.S. has never abandoned any economic model it has adopted, asserting that the same stability will apply to Bitcoin. He concluded, “The U.S. has never left something behind, and Bitcoin will be no different,” emphasizing the cryptocurrency’s enduring role in the nation’s economy.
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