Close Menu
Global News HQ
    What's Hot

    Allegiant adds 5 new domestic routes that aren’t operated by any other airline – The Points Guy

    June 8, 2025

    I tested a Pixel Tablet without any Google apps, and it's more private than even my iPad

    June 8, 2025

    ‘Bitcoin Family’ revamps security after crypto crime wave

    June 8, 2025
    Recent Posts
    • Allegiant adds 5 new domestic routes that aren’t operated by any other airline – The Points Guy
    • I tested a Pixel Tablet without any Google apps, and it's more private than even my iPad
    • ‘Bitcoin Family’ revamps security after crypto crime wave
    • Does Cinnamon Kill Ants? We Asked Pest Pros What They Recommend to Banish Ants for Good
    • AI Is Missing the Wisdom of Older Adults
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Allegiant adds 5 new domestic routes that aren’t operated by any other airline – The Points Guy
    • I tested a Pixel Tablet without any Google apps, and it's more private than even my iPad
    • ‘Bitcoin Family’ revamps security after crypto crime wave
    • Does Cinnamon Kill Ants? We Asked Pest Pros What They Recommend to Banish Ants for Good
    • AI Is Missing the Wisdom of Older Adults
    • Southwest Airlines Announced a Smart Passenger Safety Rule. It Took Just 24 Hours to Pay Off
    • ASE Technology: Powering The Future Of Semiconductors With Innovation And Global Scale
    • I Travel All Over Europe With My 70-year-old Mom, and We Won’t Go Anywhere Without These 12 Essentials
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - U.S. Secretary Of Commerce Howard Lutnick Has A Bitcoin Vision For America
    Cryptocurrency & Blockchain

    U.S. Secretary Of Commerce Howard Lutnick Has A Bitcoin Vision For America

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    U.S. Secretary Of Commerce Howard Lutnick Has A Bitcoin Vision For America
    Share
    Facebook Twitter LinkedIn Pinterest Email


    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 Accelerator

    On 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 Commodity

    Toward 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 States

    Secretary 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.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleNaples estate shatters Florida home sale record with $225M sale
    Next Article Le Café Louis Vuitton Delights The Senses – DuJour

    Related Posts

    ‘Bitcoin Family’ revamps security after crypto crime wave

    June 8, 2025

    Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement – Decrypt

    June 8, 2025

    DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery

    June 8, 2025

    XRP Price Risks Plummeting Below $2 As Sellers Take Control

    June 8, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Travel & Tourism (Luxury)
    3 Mins Read

    Allegiant adds 5 new domestic routes that aren’t operated by any other airline – The Points Guy

    Allegiant Air is out with its latest expansion.The Las Vegas-based carrier filed plans over the…

    I tested a Pixel Tablet without any Google apps, and it's more private than even my iPad

    June 8, 2025

    ‘Bitcoin Family’ revamps security after crypto crime wave

    June 8, 2025

    Does Cinnamon Kill Ants? We Asked Pest Pros What They Recommend to Banish Ants for Good

    June 8, 2025
    Top
    Travel & Tourism (Luxury)
    3 Mins Read

    Allegiant adds 5 new domestic routes that aren’t operated by any other airline – The Points Guy

    Allegiant Air is out with its latest expansion.The Las Vegas-based carrier filed plans over the…

    I tested a Pixel Tablet without any Google apps, and it's more private than even my iPad

    June 8, 2025

    ‘Bitcoin Family’ revamps security after crypto crime wave

    June 8, 2025
    Our Picks
    Travel & Tourism (Luxury)
    3 Mins Read

    Allegiant adds 5 new domestic routes that aren’t operated by any other airline – The Points Guy

    Allegiant Air is out with its latest expansion.The Las Vegas-based carrier filed plans over the…

    Technology & Gadgets
    4 Mins Read

    I tested a Pixel Tablet without any Google apps, and it's more private than even my iPad

    ZDNET’s key takeaways The Murena Tablet is available starting at $549 for the 128GB version.…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version