{"id":844653,"date":"2025-04-30T09:11:31","date_gmt":"2025-04-30T14:11:31","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/30\/us-commerce-secretary-howard-lutnick-reiterates-bitcoin-is-a-commodity-should-be-treated-like-gold\/"},"modified":"2025-04-30T09:11:31","modified_gmt":"2025-04-30T14:11:31","slug":"us-commerce-secretary-howard-lutnick-reiterates-bitcoin-is-a-commodity-should-be-treated-like-gold","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/30\/us-commerce-secretary-howard-lutnick-reiterates-bitcoin-is-a-commodity-should-be-treated-like-gold\/","title":{"rendered":"US Commerce Secretary Howard Lutnick reiterates Bitcoin is a commodity, should be treated like gold"},"content":{"rendered":"
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\"US US Commerce Secretary Howard Lutnick reiterates Bitcoin is a commodity, should be treated like gold<\/span> Assad Jafri \u00b7<\/span> 11 hours ago<\/span> \u00b7 2 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n

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Howard Lutnick emphasizes Bitcoin’s commodity status, proposing it be treated akin to gold in economic accounts.<\/p>\n

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2 min read<\/span><\/p>\n

Updated:<\/span> Apr. 29, 2025 at 11:45 pm UTC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\"US<\/p>\n

Cover art\/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.<\/p>\n<\/div>\n<\/div>\n

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Secretary of Commerce Howard Lutnick<\/a> said the US is embracing Bitcoin (BTC<\/a>) businesses, signaling a sharp policy shift from the Biden administration\u2019s more adversarial stance.<\/p>\n

In a recent interview<\/a> with Bitcoin Magazine at the White House, Lutnick laid out a vision that includes regulatory clarity, energy autonomy for miners, and official recognition of Bitcoin in national economic reporting.<\/p>\n

He pointed to new efforts like the Department of Commerce\u2019s investment accelerator and reaffirmed that Bitcoin would be treated as a commodity, not a currency, under President Donald Trump\u2019s<\/a> administration.<\/p>\n

Lutnick said:<\/p>\n

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\u201cBitcoin is a commodity, and it should be treated like a commodity. It should be treated like oil. It should be treated like gold. It\u2019s not a currency.\u201d<\/p>\n<\/blockquote>\n

He added that he might explore having the Bureau of Economic Affairs incorporate Bitcoin into national economic accounts similarly to how it treats gold, noting that the BEA already uses gold in calculating GDP and international trade statistics.<\/p>\n

Investment accelerator<\/strong><\/h2>\n

The Department of Commerce\u2019s new investment accelerator, launched March 31, is a centerpiece of the administration\u2019s strategy. The program is designed to help companies navigate regulations and permits, and Lutnick said Bitcoin mining firms are among the intended beneficiaries.<\/p>\n

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.<\/p>\n

He added:<\/p>\n

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\u201cYou\u2019ll 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.\u201d<\/p>\n<\/blockquote>\n

Bitcoin belongs in the US<\/h2>\n

Lutnick underlined that the Trump administration\u2019s approach stands in stark contrast<\/a> to its predecessor\u2019s, and that Bitcoin companies should feel confident about building their futures in America.<\/p>\n

He stated:<\/p>\n

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\u201cAmerica is the most extraordinary business place on Earth.\u201d<\/p>\n<\/blockquote>\n

Lutnick added that he wants the Bitcoin industry to \u201cfigure out how to win in America,\u201d pledging that the administration would support the industry\u2019s long-term success. He insisted that America\u2019s embrace of Bitcoin is irreversible.<\/p>\n

According to Lutnick:<\/p>\n

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\u201cYou\u2019ve never seen the United States of America embrace something and then turn their back on it later. That\u2019s never happened.\u201d<\/p>\n<\/blockquote>\n

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.<\/p>\n

Mentioned in this article<\/h6>\n
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Read More<\/a>
\n Assad Jafri<\/p>\n","protected":false},"excerpt":{"rendered":"

US Commerce Secretary Howard Lutnick reiterates Bitcoin is a commodity, should be treated like gold Assad Jafri \u00b7 11 hours ago \u00b7 2 min read Howard Lutnick emphasizes Bitcoin’s commodity status, proposing it be treated akin to gold in economic accounts. 2 min read Updated: Apr. 29, 2025 at 11:45 pm UTC Cover art\/illustration via<\/p>\n","protected":false},"author":1,"featured_media":844654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[200,201],"tags":[],"class_list":{"0":"post-844653","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commerce","8":"category-secretary"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=844653"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/844654"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=844653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=844653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=844653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}