VanEck Executive: U.S. Bitcoin Strategic Reserves Require Congressional Legislation
According to ChainCatcher, Matthew Sigel, head of digital assets at VanEck, stated at the Bitcoin 2025 conference that if the U.S. wants to continue increasing its Bitcoin strategic reserves, it must do so through the congressional legislative process rather than executive orders. He suggested including Bitcoin mining incentives in the budget reconciliation bill, such as providing tax credits for mining companies using methane gas and requiring miners to pay a portion of their mining earnings to the government.
Currently, the U.S. government holds nearly 200,000 Bitcoins. When President Trump established this reserve through an executive order on March 7, it stipulated that new reserves could only be achieved through budget-neutral strategies or asset forfeiture. Wyoming Senator Cynthia Lummis proposed in July 2024 to convert a portion of the Treasury's gold certificates into Bitcoin, and President's digital asset advisor Bo Hines also proposed a similar plan in March this year.
