Constructing a everlasting US strategic Bitcoin reserve would seemingly require focused legislation somewhat than government motion, in accordance with VanEck’s head of digital property, Matthew Sigel. Talking at Bitcoin 2025 in Las Vegas, Sigel mentioned probably the most viable path ahead might contain inserting Bitcoin mining incentives into the congressional finances reconciliation course of.
In line with Sigel, the simplest path to rising a US strategic Bitcoin reserve could be by focused amendments to congressional finances legislation. These might embody tax credit for mining firms that use methane fuel and different incentives aimed toward encouraging miners to share a portion of their mined BTC with the federal authorities.
He argued that such an strategy would permit the reserve to develop organically over time. Sigel additionally highlighted the restrictions of government actions in attaining this aim:
“The issue with government motion is that it will immediate lawsuits. And something over $100 million goes to get sued by the Elizabeth Warrens of the world. So, I’d say begin with one thing possibly within the Change Stabilization Fund for $100 million.”
US President Donald Trump established the US Bitcoin Strategic Reserve by a March 7 government order. In line with the order, the US authorities can solely purchase Bitcoin by budget-neutral strategies or asset forfeiture, prompting a variety of various concepts on how one can add to the federal government’s stockpile of almost 200,000 BTC.
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Lawmakers, officers pitch totally different concepts to develop strategic Bitcoin reserve
Wyoming Senator Cynthia Lummis, the US lawmaker who introduced legislation for a Bitcoin strategic reserve in July 2024, proposed changing a portion of the gold certificates held by the US Treasury to Bitcoin.
Converting gold to Bitcoin would permit the US authorities to buy extra Bitcoin with out incurring a value to the taxpayer, Lummis mentioned.
Bo Hines, the manager director of the President’s Council of Advisers on Digital Belongings, echoed the thought in March 2025.
Hines referred to as on the US Treasury to revalue its gold holdings, that are presently priced at simply $42.22 per troy ounce, and convert a portion of these positive factors to Bitcoin. This technique would even be budget-neutral, Hines mentioned.
The value of gold reached an all-time excessive of $3,500 per ounce in April however skilled a minor pullback to round $3,300 on Could 27.
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