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100 Days: Bitcoin America Policy Recommendations

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Jan 22, 2025

100 Days: Bitcoin America Policy Recommendations

A bipartisan approach to ensuring U.S. leadership in Bitcoin innovation for President Donald Trump’s administration’s first 100 days in office.

Table of Contents

Introduction

Since its creation in 2009, Bitcoin has evolved from an experimental digital currency into a transformative force with the potential to reshape global finance. As a decentralized network, Bitcoin offers a new way of conducting transactions, free from traditional intermediaries like banks or governments, and gives individuals unprecedented control over their financial assets. It has sparked a movement toward DeFi and become central to the emerging digital economy.

However, the U.S. is falling behind in the high-tech space that powers Bitcoin. More than 95% of key technologies, like Bitcoin mining hardware come from China or Chinese vendors —an overreliance that must be reduced significantly expediently. To ensure economic security, the Trump administration must prioritize American companies to develop Bitcoin-related technologies and prioritize U.S.-first policies over foreign dependence.

While other nations have begun to embrace Bitcoin, the U.S. remains divided on how to support innovation while addressing concerns around regulation, security, and energy consumption. Without clear direction from Congress, U.S. businesses are navigating a fragmented regulatory environment, leaving critical infrastructure—such as supply chains and the electric grid—unprepared for the challenges of a Bitcoin-driven future.

Under President Donald Trump’s administration, the decisions made in 2025 will shape the U.S.’s ability to lead in the Bitcoin and blockchain sectors. The 100 Days: Bitcoin America Policy Guide provides a roadmap for President Donald Trump. Decisive policies to incentivize domestic innovation, reduce foreign dependence, and foster a competitive high-tech ecosystem will be critical to securing America’s place as a leader in this transformative era.

Today’s High Technology Landscape

The Growing Threat of Sanctions Evasion
With the emergence of AI and rapid increase in cyberwarfare, the threat to the U.S. high technology landscape and vital infrastructure has never been greater. Though there are efforts to counteract this creeping issue through restrictions and other policies, countries like China continue to access the latest in cutting-edge technology, such as 3nm chips and beyond, in several cases through affiliates in countries outside China. This is in direct violation of existing rules, but we have yet to see definitive action being taken by regulatory authorities. Highlighting a critical gap in enforcement, oversight over the import and export of high technology must be taken seriously.

The U.S. must prioritize enabling a competitive high-tech ecosystem, particularly for Bitcoin infrastructure and other critical technology sectors. Expanded incentives, such as tax credits or direct subsidies, can drive domestic production of ASIC miners and other advanced semiconductors. By fostering a homegrown technology base, the U.S. can reduce foreign dependency and become a leader in secure hardware manufacturing.

Implementing rigorous compliance standards for imported technology will strengthen national security in critical infrastructure. This framework could mandate cybersecurity assessments for foreign-made components in Bitcoin mining and electric grid management. Such standards would protect our infrastructure against cyber threats, safeguard intellectual property, and position American products as the industry benchmark.

To further protect our systems, foreign-made ASIC miners should undergo rigorous cybersecurity vetting and certification before being used outside restricted zones, ensuring compliance with U.S. standards. While the Biden administration recently finalized tariff hikes on certain Chinese-made products, it is not enough of a deterrent to curb evasion.

This is not just about protecting intellectual property — it’s about safeguarding the nation’s tech infrastructure and preventing foreign dominance in critical sectors like Bitcoin and associated mining.

The Path to Securing the Electric Grid

With one in five Americans owning cryptocurrency, the implications for electric grid security, energy resilience and innovation are extensive. Beyond Bitcoin, the development of AI, machine learning, and semiconductor technologies — mainly ASICs and advanced processing nodes — highlights both the opportunities and risks in a rapidly digitalizing world.

To maintain and expand U.S. leadership in semiconductor manufacturing, the CHIPS and Science Act would benefit from an expansion to incentivize domestic production across a wide variety of advanced technologies. This would include tax breaks, grants, and targeted incentives for companies developing ASICs, GPUs, and other critical components that foster resilience in supply chains for AI, blockchain, and energy grid applications.

A focus on industry leaders producing ASIC miners, GPUs, and related technologies would drive innovation, enhance production capacity, and support U.S. companies’ competitive edge. These advancements would not only fortify the Bitcoin mining industry but also bolster energy sectors where dynamic load management and operational flexibility are critical.

This initiative promotes resilience across the grid, enabling companies to ramp up or down energy use based on demand or supply constraints. By fostering deployment in renewables, these technologies help manage unknown risks associated with foreign-made hardware, ensuring that energy-intensive processes can be conducted sustainably and securely within U.S. borders.

Setting a goal for adopting domestic ASICs across critical systems is a key step for technology security. Requiring systems that utilize advanced technology are designed by U.S. companies would help mitigate potential cyber and supply-chain risks, reducing dependence on foreign-sourced equipment while protecting the U.S. economy and innovation sector.

To fully secure the U.S. Bitcoin mining industry, a comprehensive plan should ensure that domestic companies design use a significant portion of Bitcoin miners operating in the U.S. This approach protects the grid, strengthens energy sector stability, and aligns with national security objectives across industries embracing new technology.

Keeping Infrastructure Innovation on U.S. Soil

Securing America’s Standing as the High Technology Leader
The U.S. must prioritize policies that ensure domestic development of critical technologies, such as Bitcoin mining infrastructure, advanced processing units (e.g., GPUs and ASICs), and semiconductor manufacturing. By reducing reliance on foreign imports, the U.S. can not only protect its supply chains but also position itself as the global leader in high-tech innovation. To achieve this, Congress should implement comprehensive incentives, including direct subsidies and tax credits, to encourage domestic production. For example, companies manufacturing advanced equipment domestically would qualify for a 25% tax credit on production costs, providing a robust incentive to localize supply chains and reinvigorate American manufacturing.

Strategic investment in U.S.-based R&D for semiconductor technology is essential. By funding collaborative efforts between private industry and leading universities, the U.S. can foster breakthroughs in chip design and fabrication that are vital for Bitcoin mining and broader digital infrastructure. This investment would also drive job creation in high-tech industries, strengthening the U.S. economy while reducing dependency on foreign technology.

Bitcoin Infrastructure for Safe American Investment
As Bitcoin adoption grows, securing the infrastructure that supports its ecosystem becomes increasingly critical. Currently, most Bitcoin mining hardware is produced overseas, exposing the U.S. to risks of foreign interference and cybersecurity vulnerabilities. To mitigate these risks, the U.S. government should establish rigorous standards for hardware security and certification, ensuring all devices used within its borders meet strict quality and safety requirements.

Moreover, tax credits should extend to manufacturers investing in U.S.-based semiconductor fabrication plants. These facilities would not only address the global semiconductor shortage but also provide a reliable supply of critical components for Bitcoin mining and other applications. A tax credit on capital expenditures for building or expanding such plants would incentivize domestic investment and ensure the stability of the U.S. technology infrastructure.

Incentivizing renewable energy integration into Bitcoin mining operations is another key strategy for maintaining infrastructure innovation within the U.S. borders. By aligning mining with sustainable energy practices, the U.S. can position itself as a leader in environmentally responsible Bitcoin innovation. This approach would support grid resilience while reinforcing the competitiveness of U.S.-based mining operations.

Committing to these actions will ensure that America remains the global standard-bearer for high-tech infrastructure and the cornerstone of Bitcoin innovation.

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