“`html
Establishing a lasting US strategic Bitcoin reserve would likely necessitate specific legislation instead of executive measures, per VanEck’s chief of digital assets, Matthew Sigel. While addressing Bitcoin 2025 in Las Vegas, Sigel mentioned that the most feasible route might involve integrating Bitcoin mining incentives into the congressional budget reconciliation framework.
As Sigel stated, the most efficient method to enhance a US strategic Bitcoin reserve could be through particular amendments to congressional budget laws. These might involve tax deductions for mining firms utilizing methane gas and other motivations aimed at persuading miners to allocate a fraction of their mined BTC to the federal government.
He contended that this strategy would enable the reserve to expand naturally over time. Sigel also pointed out the drawbacks of executive measures in reaching this objective:
“The issue with executive measures is that they will incite lawsuits. Moreover, anything above $100 million will inevitably face legal challenges from the Elizabeth Warrens of our society. Thus, I would suggest initiating something perhaps in the Exchange Stabilization Fund for $100 million.”
US President Donald Trump formed the US Bitcoin Strategic Reserve via an executive order on March 7. According to this order, the US government is permitted to acquire Bitcoin solely through budget-neutral methods or asset forfeiture, leading to a variety of proposals on how to increase the government’s stockpile of nearly 200,000 BTC.
Related: Bitcoin’s recent peaks may have been influenced by the Japan bond market crisis
Legislators, officials propose diverse ideas to expand strategic Bitcoin reserve
Wyoming Senator Cynthia Lummis, the US lawmaker who proposed legislation for a Bitcoin strategic reserve in July 2024, suggested converting a portion of the gold certificates held by the US Treasury into Bitcoin.
Transforming gold into Bitcoin would enable the US government to acquire more Bitcoin without placing a financial burden on taxpayers, Lummis stated.
Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, reiterated this notion in March 2025.
Hines urged the US Treasury to reassess its gold holdings, which are currently estimated at only $42.22 per troy ounce, and convert a portion of those profits into Bitcoin. This approach would also be budget-neutral, Hines remarked.
The price of gold hit a historic high of $3,500 per ounce in April but saw a slight decrease to around $3,300 on May 27.
Source link
“`
