The construction of a permanent US strategic bitcoin reserve is likely to require targeted law rather than executive action, according to Vaneck’s digital assets, Matthew Sigel. Speaking at Bitcoin 2025 in Las Vegas, Sigel said the most viable path forward could involve the entry of Bitcoin mining incentives in the process of reconciliation of the Congress budget.
According to Sigel, the most effective path to growing a strategic US Bitcoin reserve is through targets that amend the Congress budget law. This may include tax credits for mining companies that use methane gas and other incentives aimed at encouraging miners to share a portion of their mined BTC with the federal government.
He argued that such a procedure would allow the reserve to grow organic over time. Sigel also featured the limitations of executive actions in achieving this goal:
“The executive’s action problem is that the entry of the suits. And any more than $ 100 million will be cut off by the Elizabeth Warrens of the world. So, I will say to start with something perhaps with the exchange funding of the exchange of $ 100 million.”
US President Donald Trump has established the US Bitcoin Strategic Reserve by a March 7 executive order. According to the command, the US government can only get bitcoin by Neutral budget techniques or asset forfeiture, which motivates a variety of different ideas on how to add to the government Stockpile of nearly 200,000 BTC.
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Lawmakers, officers set different ideas to grow Bitcoin’s strategic reserve
Wyoming Senator Cynthia Lummis, the US lawmaker who The law was introduced for a bitcoin strategic reserve In July 2024, it was suggested to convert a portion of the US Treasury gold certificates to Bitcoin.
Converting gold to bitcoin The US government will be allowed to buy more Bitcoin without having taxpayer costs, Lummis said.
Bo Hines, the executive director of the president of the council of council in digital assets, shouted the idea in March 2025.
https://www.youtube.com/watch?v=puxcqdo30Jo
Hines called the US Treasury to Restore its golden handlingwhich is currently priced at $ 42.22 per troy ounce, and will convert a portion of Bitcoin gains. This approach will also be neutral to the budget, Hines said.
The price of gold reached an entire time high of $ 3,500 per ounce in April but experienced a minor pullback at about $ 3,300 on May 27.
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