U.S. Secretary of Commerce Howard Lutnick has unveiled plans to accelerate Bitcoin mining in the country by developing dedicated power infrastructure and reducing reliance on the public power grid.

He proposed that Bitcoin miners could utilize waste gas to power their operations, suggesting the construction of data centers directly above gas fields.

This initiative is part of the Investment Accelerator program, which aims to streamline regulatory processes for investments exceeding $1 billion and provide dedicated support for larger projects.

Lutnick contrasted the current administration's supportive stance on Bitcoin with the previous administration's negative approach, indicating a shift towards a more favorable outlook for cryptocurrency.

He advocated for treating Bitcoin as a commodity rather than a currency, suggesting that it should be included in national economic calculations similar to gold.

Lutnick emphasized that the current administration is committed to fostering the growth of the Bitcoin industry in America.

Since investing in Bitcoin in 2017 and going 'all in' by 2020, Lutnick has shown strong support for cryptocurrency, highlighting key advocates within the administration, including President Trump and 'Crypto Czar' David Sacks.

Lutnick pointed out that the Bureau of Economic Affairs currently uses gold for its National Economic Accounts and sees a parallel for Bitcoin.

Launched on March 31, 2025, the Investment Accelerator is designed to facilitate Bitcoin mining projects by assisting companies with permits and regulatory understanding.

Bitcoin recently achieved an all-time high of $109,000, with expectations for further gains in the second quarter of 2025, bolstered by political support and easing regulations.

Key figures, including AI and Crypto Czar David Sacks, are fostering a favorable environment for Bitcoin, promoting its integration into the U.S. economy.

While Lutnick did not provide updates on a proposed Bitcoin strategic reserve audit, he confirmed the administration's significant commitments to the crypto industry.