Bitcoin Policy Institute Advocates U.S. Leadership in Global Bitcoin Ecosystem

The Bitcoin Policy Institute (BPI) has released a comprehensive manifesto advocating for U.S. leadership in the global Bitcoin ecosystem. The policy paper, issued on May 21, 2025, outlines a strategic blueprint for integrating Bitcoin into the nation’s economic, technological, and energy policies. The manifesto emphasizes that Bitcoin can enhance both economic and political resilience, positioning the U.S. as a dominant player in the worldwide Bitcoin economy.

The manifesto proposes a three-pronged approach. First, it advocates for the integration of Bitcoin into the U.S. economy, ensuring clarity and ease of use for developers and businesses. Second, it re-envisions Bitcoin mining as an energy innovator, highlighting its potential to stabilize energy grids and manage excess renewable energy. Third, it provides policymakers with a clear summary of Bitcoin’s legal and political issues, aiming to educate them within half an hour.

One of the key recommendations in the manifesto is the establishment of a Strategic Bitcoin Reserve, similar to previous precedents with gold and oil. The report argues that Bitcoin’s scarcity, neutrality, and portability make it an effective hedge against inflation and political unrest. To support this reserve, the manifesto proposes issuing “BitBonds,” which would allow the government to invest funds in Bitcoin, reduce overall interest expenses, and support dollar-backed assets.

To facilitate the development of Bitcoin capital markets, the manifesto calls for policy changes. These include the elimination of capital gains tax on basic transactions below a certain level, the approval of spot Bitcoin ETFs, and the finalization of accounting rules for Bitcoin’s value. These measures aim to help the U.S. economy adapt to changes and become a center for Bitcoin innovation.

The document also addresses regulatory concerns, proposing measures to shield creators of non-custodial technology from accusations of being money transmitters. It advocates for the Blockchain Regulatory Certainty Act and suggests that the Department of Justice refrain from prosecuting those who develop privacy-focused Bitcoin tools. Additionally, it proposes a single federal license for money transmission, replacing the current system of multiple state licenses.

In the realm of energy policy, the manifesto positions Bitcoin mining as a crucial component. It highlights that mining technology can help maintain energy grid stability by managing excess energy from renewables and improving transmission. The document urges decision-makers to use mining to control demand and boost methane abatement by capturing gas currently being flared at oil wells.

The organization supports a federal energy plan that does not favor any one technology and advocates for uniting mining, AI, and data centers in the same areas to manage energy more effectively. This approach aims to foster innovation in U.S. energy markets while allowing Bitcoin mining to thrive.

The manifesto aligns with broader efforts to ensure the U.S. remains a leader in digital assets. It supports the participation of banks in digital assets, as it helps them compete globally. In February 2025, bipartisan legislation was introduced recognizing blockchain as a means to secure the integrity of democracy, including fair election results.

Recent political support for digital assets has bolstered the Bitcoin Policy Institute’s framework. In 2024, a majority of those elected to Congress were pro-crypto, indicating a positive shift in cryptocurrency policies. The appointment of Paul Atkins as SEC chair in December 2024 suggests a move towards less regulation, which aligns with the manifesto’s goals.

By incorporating Bitcoin into national strategy, the U.S. can maintain its position as a top player in the global financial system. The manifesto provides policymakers with a roadmap to leverage Bitcoin’s advantages and address regulatory and energy-related challenges, ensuring the nation’s continued leadership in the digital asset landscape.