Digital Power Network Applauds White House Digital Assets Report as a Landmark Step Toward Modernizing U.S. Bitcoin and Digital Asset Policy
FOR IMMEDIATE RELEASE
Washington, D.C. — The Digital Power Network (DPN), the nation’s leading trade association representing Bitcoin miners and digital infrastructure providers, today released a statement in strong support of the President’s Working Group on Digital Asset Markets report, released by the White House. The report outlines a sweeping federal strategy to advance the United States’ leadership in Bitcoin, blockchain, and digital financial technology.
The recommendations reflect several key priorities championed by DPN, including tax clarity for Bitcoin miners, the establishment of a Strategic Bitcoin Reserve, and the need for a de minimis exemption to unlock real-world use of Bitcoin.
“Today’s report marks a turning point,” said Hailey Miller, Director of Government Relations and Public Policy at the Digital Power Network. “For the first time, the federal government has formally recognized the need to modernize outdated tax rules for Bitcoin mining, eliminate unnecessary compliance burdens, and cement Bitcoin as a strategic asset. DPN is proud to have played a leading role in advancing these priorities.”
Among the report’s most notable recommendations:
Ending Double Taxation of Bitcoin Mining: The report calls on Treasury and the IRS to review and consider updating prior guidance on the timing of income from mining and staking, a longstanding DPN advocacy priority.
Establishing a Strategic Bitcoin Reserve: The report calls for the creation of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, to be administered by Treasury and initially funded with forfeited digital assets held by the U.S. government. The Bitcoin held in the Reserve will generally not be sold and will serve as long-term reserve assets. Treasury and Commerce are tasked with developing budget-neutral strategies to acquire additional Bitcoin and safeguard custody.
Advancing a De Minimis Tax Exemption: The report encourages Treasury to issue guidance reducing burdens on taxpayers related to small-scale digital asset receipts, opening the door to a de minimis exemption for everyday Bitcoin use.
Clarifying Application of the Corporate AMT: The Administration anticipates guidance under the Corporate Alternative Minimum Tax (CAMT) that could ensure Bitcoin mining rewards and unrealized gains are not unfairly penalized under financial accounting rules.
“These recommendations reflect a serious, forward-looking approach to digital asset policy, one that recognizes the economic, technological, and geopolitical significance of Bitcoin and its underlying infrastructure,” said DPN in a statement. “We look forward to continuing our work with Congress and the Administration to implement these proposals.”
About the Digital Power Network (DPN):
The Digital Power Network (DPN) is the largest coalition of Bitcoin miners and digital infrastructure leaders in the United States, representing over 75% of domestic Bitcoin hash rate. DPN advocates for policies that promote energy innovation, grid resilience, economic development, and the strategic role of digital assets in the 21st-century economy.