U.S. Launches Bitcoin Industry Investment Accelerator
The United States has launched an investment accelerator to boost the Bitcoin industry, signaling its commitment to the sector. Secretary Howard Lutnick envisions this initiative benefiting Bitcoin mining companies, with the ultimate goal of achieving the highest degree of success in America.
The investment accelerator, launched on March 31, 2025, by the U.S. Department of Commerce, aims to assist companies in understanding regulations and obtaining necessary permits for new projects. This comes as welcome news for the Bitcoin industry, which is embraced by true believers in the current administration.
Secretary Lutnick views Bitcoin as a commodity, similar to oil or gold, rather than a currency. He suggests treating it accordingly, and the Bureau of Economic Affairs (BEA) is considering employing Bitcoin in its calculations, much like it does with gold. Additionally, Bitcoin miners can reduce their reliance on the existing grid by using waste gas to power their operations.
David Sacks, the White House AI and Crypto Czar and a partner at Craft Ventures, is involved in US policy on AI technology and cryptocurrency. He is instrumental in shaping policies that support the Bitcoin industry, including issues related to selling deprecated AI chips to China.
With the launch of the investment accelerator and the administration's support, the Bitcoin industry is poised for growth in the United States. The goal is clear: to 'win in America' by assisting companies in navigating regulations, obtaining permits, and reducing environmental impact. The United States, as a Bitcoin country, remains committed to the industry's success.