VanEck Executive: U.S. Bitcoin Strategic Reserves Need Congressional Legislation to Promote

ChainCatcher news, according to Cointelegraph, VanEck's head of digital assets Matthew Sigel stated at the Bitcoin 2025 conference that if the U.S. needs to continue increasing its Bitcoin strategic reserves, it must do so through congressional legislation rather than executive orders. He suggested incorporating Bitcoin mining incentives into the budget reconciliation bill, including tax credits for mining companies that use methane gas, and requiring miners to pay a portion of their mining proceeds 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 any new reserves could only be achieved through budget-neutral strategies or asset forfeiture. Wyoming Senator Cynthia Lummis proposed in July 2024 to convert part of the Treasury's gold certificates into Bitcoin, and President's digital asset advisor Bo Hines also proposed a similar plan this March.