US Commerce Chief Lutnick Doubles Down: Bitcoin = Digital Gold, Demands Commodity Treatment
Another day, another regulator drawing lines in the sand—this time it’s Howard Lutnick slapping the ’commodity’ label on Bitcoin with the enthusiasm of a Wall Street trader spotting a tax loophole.
The takeaway? Bitcoin should trade like shiny yellow metal, not speculative tech stock. Cue the eye rolls from crypto purists and gold bugs alike.
Funny how these classifications only get urgent when institutional money starts circling. Maybe next they’ll ’discover’ that water is wet—after the hedge funds finish bottling it.
Investment accelerator
The Department of Commerce’s new investment accelerator, launched March 31, is a centerpiece of the administration’s strategy. The program is designed to help companies navigate regulations and permits, and Lutnick said Bitcoin mining firms are among the intended beneficiaries.
He noted that miners could build their own power plants NEAR gas fields, reducing dependence on the grid and slashing energy costs. He further emphasized that giving miners more control over their energy sources would strengthen the domestic mining industry.
He added:
“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 belongs in the US
Lutnick underlined that the Trump administration’s approach stands in stark contrast to its predecessor’s, and that Bitcoin companies should feel confident about building their futures in America.
He stated:
“America is the most extraordinary business place on Earth.”
Lutnick added that he wants the Bitcoin industry to “figure out how to win in America,” pledging that the administration would support the industry’s long-term success. He insisted that America’s embrace of Bitcoin is irreversible.
According to Lutnick:
“You’ve never seen the United States of America embrace something and then turn their back on it later. That’s never happened.”
His remarks come as the Trump administration pushes to make the U.S. a dominant hub for Bitcoin innovation and infrastructure, welcoming a new era for digital asset growth on American soil.
