Matthew Sigel, VanEck’s director of digital assets said that a strategic Bitcoin reserve in the US would require legislative action rather than an executive order. Sigel, speaking at Bitcoin 2025 Las Vegas in Las Vegas said that the best way forward could be to integrate Bitcoin mining incentives within the budget reconciliation process of Congress.
Sigel says that the most efficient way to increase a US strategic Bitcoin reserves would be by introducing targeted budget amendments in Congress. Tax credits could be offered to mining companies who use methane and incentives that encourage miners share some of the BTC they mine with federal governments.
He said that such an approach could allow the reserve’s growth to be organic over time. Sigel also highlighted that executive actions are limited in their ability to achieve this goal.
“The problem with executive action is that it’s going to prompt lawsuits. And anything over $100 million is going to get sued by the Elizabeth Warrens of the world. So, I would say start with something maybe in the Exchange Stabilization Fund for $100 million.”
US President Donald Trump has established the US Bitcoin Strategic Reserve through an executive order dated March 7. The order states that the US government may only purchase Bitcoins through a specific channel. budget-neutral strategies Asset forfeiture has prompted a variety of ideas about how the government can add value to its budget. stockpile Nearly 200,000 BTC.
Related: Bitcoin’s new highs may have been driven by Japan bond market crisis
Different ideas are presented by lawmakers and officials to increase the strategic Bitcoin Reserve
Wyoming Senator Cynthia Lummis was the US member of Congress who introduced legislation for a Bitcoin strategic reserve The US Treasury has proposed that a portion (in July 2024) of its gold certificates be converted to Bitcoin.
Converting gold to Bitcoin Lummis stated that the US Government could purchase Bitcoin at a lower cost without any additional costs to taxpayers.
Bo Hines, executive director of President’s Council of Advisers on Digital Assets (Presidential Council of Advisers on Digital Assets), echoed this idea in March of 2025.
Hines called for the US Treasury revalue its gold holdingsThen, convert some of the gains into Bitcoin. Hines stated that the strategy is also cost-neutral.
Gold reached a record high price per ounce of $3.500 in April, but then experienced a slight drop to $3.300 by May 27.
Magazine: TradFi fans ignored Lyn Alden’s BTC tip — Now she says it’ll hit 7 figures: X Hall of Flame
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
