VanEck Executive: Sustainable Bitcoin Reserve Growth Must Be Achieved Gradually Through Congressional Legislation

PANews reported on May 28, according to Cointelegraph, that VanEck's Head of Digital Assets, Matthew Sigel, stated at the "Bitcoin 2025" conference that if the United States wants to continue expanding its strategic Bitcoin reserves, it should be achieved through congressional legislation rather than executive orders. He suggested including incentive clauses in the budget reconciliation bill, such as providing tax incentives to mining companies using methane for power generation and requiring them to remit a portion of their mining proceeds to the government. Sigel pointed out that executive orders are prone to litigation, and proposed starting with a $100 million "Exchange Rate Stabilization Fund."

Although the Trump administration established a strategic Bitcoin reserve through an executive order on March 7, it can only increase holdings through budget-neutral strategies or asset confiscation by law. Wyoming Senator Cynthia Lummis, who proposed related legislation in July 2024, suggested converting part of the Treasury's gold certificates into Bitcoin; in March 2025, Bo Hines, Executive Director of the Digital Asset Advisory Committee, further proposed revaluing the gold reserves at market price (currently recorded at $42.22 per ounce) and using the appreciated portion to purchase Bitcoin.