Digital Power Network Applauds Commerce Secretary Lutnick’s Call to Classify Bitcoin as a Commodity
FOR IMMEDIATE RELEASE
WASHINGTON, D.C. — The Digital Power Network (DPN), the largest coalition of Bitcoin miners and digital infrastructure developers in the United States, today applauded Commerce Secretary Howard Lutnick’s clear and decisive remarks affirming that Bitcoin should be classified as a commodity, consistent with assets like gold and oil.
In an exclusive interview with Bitcoin Magazine, Secretary Lutnick stated:
"What is Bitcoin like, it’s like gold… it should be treated like a commodity, it should be treated like oil, should be treated like gold."
DPN strongly supports this view. Treating Bitcoin as a commodity ensures regulatory clarity, protects innovation, and secures Bitcoin’s place as a cornerstone of America’s financial future.
"Secretary Lutnick’s leadership sends an unmistakable signal: Bitcoin is a strategic asset that deserves consistent, fair treatment under U.S. law," said Hailey Miller, Director of Government Relations and Public Policy at DPN. "Classifying Bitcoin as a commodity, alongside gold, oil, and other foundational assets, provides the clarity innovators and investors need to drive America's leadership in digital finance."
DPN commends the Trump Administration’s commitment to advancing sound digital asset policy and providing regulatory clarity that strengthens America’s global competitiveness. In addition to Commerce’s leadership, DPN urges the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to swiftly update federal tax guidance to reflect Bitcoin’s commodity status and support continued innovation.
"The Digital Power Network stands ready to work with Secretary Lutnick, the Trump Administration, Treasury, Congress, and regulatory agencies to ensure Bitcoin’s classification reflects its true role as a global commodity and a pillar of America’s economic leadership," Miller added.
About the Digital Power Network (DPN):
DPN is the largest coalition of Bitcoin miners in the United States, representing over 50% of domestic hash rate. Through public policy advocacy, industry coordination, and infrastructure innovation, DPN promotes responsible energy use, national security, and economic growth in the digital asset sector.