US BP announces "Bitcoin Policy Manifesto" | Proposes integration of BTC into the US economy

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The main points of this article

• The US BPI officially announces the Bitcoin Policy Manifesto
• Proposal to establish a strategic reserve to make Bitcoin a national asset.
• Comprehensive proposals for regulatory frameworks and support for technological innovation.
• Strengthening the power grid and energy policy through the utilization of mining

Table of Contents* 1. U.S. Think Tank Proposes Bitcoin Integration Strategy

• 2. Utilizing Bitcoin for Strengthening the U.S. Economy | BPI's Three Pillars Proposal

• 2.1. Utilization of Bitcoin as National Reserves - 2.1.1. Establishment of Strategic Bitcoin Reserves (SBR) - 2.1.2. Proposal for the issuance of Bitbond
• 2.2. Proposals for Bitcoin Regulation Development and Technological Innovation
• 2.3. Improvement of Energy Infrastructure through Bitcoin Mining

• 3. Bitcoin Reserve Policy Progressing in the United States

• 3.1. Mr. Trump positions BTC as a national reserve asset
• 3.2. Concrete steps towards the reintroduction of the 'BITCOIN Bill'

US Think Tank Proposes Bitcoin Integration Strategy

The Bitcoin Policy Institute (BPI), a U.S. non-profit think tank, officially announced a policy proposal titled "Bitcoin (BTC) Policy Manifesto" on its website on May 21, 2025.

The policy outlines a comprehensive strategy for the United States to seize leadership in the Bitcoin era, positioning it as a strategy to integrate and utilize Bitcoin within the U.S. economy, strengthen economic and geopolitical standing through regulatory clarity and the promotion of the mining industry.

The author of this proposal, BPI policy director Zach Shapiro, explained that this proposal "discusses Bitcoin comprehensively from three perspectives."

Utilizing Bitcoin to Strengthen the U.S. Economy | Three Pillars Proposed by BPI

The BPI manifesto proposes specific measures to integrate Bitcoin into the fields of "finance, infrastructure, and energy" and leverage it for the economic strategy of the United States.

Utilization of Bitcoin as National Reserves

Establishment of Strategic Bitcoin Reserves (SBR)

First, in terms of finance, proposed the establishment of a "Strategic Bitcoin Reserve (SBR)" to stockpile Bitcoin as a national asset.

It is seen as an aim to utilize Bitcoin, which has a issuance limit set at 21 million coins, as a means of value preservation that is resilient to inflation and geopolitical risks, following the example of national reserves of gold and oil.

Bitbond Issuance Proposal

Additionally, a new method has been proposed to increase the national Bitcoin holdings while reducing the burden of interest payments on U.S. Treasury bonds, which involves the issuance of Bitcoin-enhanced Treasury Bonds.

According to estimates by BPI, introducing this Bitbond could reduce interest payments by $70 billion (approximately 10 trillion yen) annually compared to traditional government bonds, potentially saving up to $700 billion (approximately 100 trillion yen) over 10 years.

Additionally, new policy proposals have been included aimed at improving the U.S. Bitcoin-related capital markets, such as the approval of Bitcoin spot ETFs, clarification of accounting standards, and tax exemptions for small payments.

It is believed that the aim is to promote healthy liquidity and price discovery for Bitcoin in the US market, thereby strengthening the position of US dollar-denominated assets.

Proposal for Bitcoin Regulation and Technological Innovation

Next, in terms of regulation and technology, we are calling for the establishment of a safe harbor (legal protection) system so that open-source Bitcoin-related developers can develop with peace of mind.

Specifically, it promotes the passage of the "Blockchain Regulatory Certainty Act" to ensure that developers of non-custodial wallets (wallets where users manage their own private keys) and the Lightning Network are not regulated as remittance providers, and urges the Department of Justice to drop current prosecutions against developers of privacy-enhancing tools.

The establishment of a federal-level unified license to consolidate the different remittance business licensing systems across states, as well as the introduction of a regulatory sandbox system that allows startups to test their businesses under phased compliance requirements, has also been proposed.

These measures are described as lowering the entry barriers for Bitcoin-related businesses in the banking and financial services sector, promoting domestic technological innovation and industrial development.

Improvement of energy infrastructure through Bitcoin mining

And in terms of energy infrastructure, the policy was introduced to position Bitcoin mining as a national strategy, contributing to the stabilization of the power grid and the promotion of clean energy.

BPI views Bitcoin mining as an asset for demand response in electricity (a mechanism for adjusting power demand) and advocates for the absorption of surplus electricity and the effective utilization of surplus methane being burned at power plants (on-site mining using flare gas).

The federal energy policy calls for a technology-neutral stance that does not exclude specific technologies, and it has also proposed efforts to optimize power load distribution by co-locating data centers and AI facilities with mining equipment.

By positioning Bitcoin mining as a complementary load to the power grid, it is pointed out that it can absorb surplus renewable energy and contribute to the strengthening of the power grid and the improvement of the profitability of transmission infrastructure.

BPI emphasized that by developing the mining industry while avoiding excessive preferential treatment and unilateral regulations, it can attract innovation and investment into the U.S. energy market, which will also lead to strengthened energy security.

Bitcoin Reserve Policy Advancing in the United States

In the United States, policy trends surrounding Bitcoin reserves are accelerating, supporting the proposals of the BPI.

Mr. Trump positions BTC as a national reserve asset.

After President Trump takes office in January 2025, he announced in March that he would sign an executive order to officially position the Bitcoin held by the U.S. government as a national reserve asset, establishing the "Strategic Bitcoin Reserve (SBR)."

The same order instructs to consider a "budget-neutral" method to acquire additional Bitcoin without relying on government bond issuance or tax increases.

"Bitcoin Bill" to be materialized with re-submission.

As a concrete measure to implement this policy, Senator Cynthia Lummis (Republican) has reintroduced the "BITCOIN Bill."

The bill plans to acquire up to 1 million BTC (about 5% of the total issuance) over 5 years, using gold held by the Treasury as collateral to raise funds from the Federal Reserve (FRB), and gradually purchasing Bitcoin with those funds.

Congressman Rumis posted on X (formerly Twitter) that he is "proud to have been able to reintroduce the BITCOIN bill" and called for bipartisan support.

Proud to re-introduce the BITCOIN Act. Let’s secure America’s financial future.pic.twitter.com/jJFmMopP7h

— Senator Cynthia Lummis (@SenLummis) March 11, 2025

I am proud to be able to propose the Bitcoin Act again.

Let's firmly protect America's economic future.

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), also praised the U.S. strategic Bitcoin stockpile move as "a landmark turning point in financial and geopolitical in the 21st century" and emphasized the significance of incorporating Bitcoin into the national strategy.

With expectations and specific proposals from the political and business sectors, the movement to incorporate Bitcoin into the national economic strategy is gaining momentum in the United States, and future policy trends are attracting attention.

*The price is based on the exchange rate at the time of writing (1 USD = 143.44 JPY)

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Source: BPI Official Announcement

Writing and Translation: BITTIMES Editorial Team

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