BPI Manifesto Urges US Leadership in Bitcoin Infrastructure

The Bitcoin Policy Institute (BPI) released a comprehensive manifesto on June 6 calling on U.S. policymakers to spearhead global Bitcoin infrastructure development. Titled the “National Bitcoin Strategy,” the document outlines concrete steps for integrating Bitcoin into financial stability frameworks, energy policy, and national security considerations.

Manifesto Overview

Spanning 48 pages, the manifesto argues Bitcoin’s decentralization and fixed supply make it a strategic reserve asset. It recommends establishing a federal Bitcoin office, promoting reserve-backed stablecoins, and incentivizing clean energy mining through tax credits.

Key Recommendations

• Federal Bitcoin Office: A central body to coordinate regulation, security, and research.
• Energy Incentives: Tax breaks for miners using renewable energy sources to bolster grid stability.
• Stablecoin Framework: Guidelines for fully reserved, audited stablecoins issued by insured banks.

Industry Response

Major stakeholders—ranging from mining firms Marathon Digital to exchanges Coinbase and Kraken— have publicly endorsed the manifesto. Coinbase CEO Brian Armstrong praised its emphasis on regulatory clarity, while Marathon’s Fred Thiel called the energy proposals “a roadmap for sustainable mining.”

Policy Outlook

With midterm elections looming, Congress shows interest in stablecoin legislation. The manifesto could influence draft bills around financial innovation zones, offering early pilot programs for Bitcoin mining partnerships with utilities.