VanEck executives: Increasing the U.S. strategic Bitcoin reserves requires Congressional legislation.

Gate News bot message, VanEck’s digital asset head Matthew Sigel stated at the Bitcoin 2025 conference in Las Vegas that establishing a permanent U.S. strategic Bitcoin reserve may require targeted legislation rather than executive action, and the most feasible approach might be to incorporate Bitcoin mining incentives into the congressional budget reconciliation process.

Sigel believes that the most effective way to increase the strategic Bitcoin reserves of the United States is to make targeted revisions to congressional budget legislation, which may include providing tax credits for mining companies that use methane gas, as well as other incentives aimed at encouraging miners to share a portion of their mined Bitcoin with the federal government.

He believes that this approach will allow reserves to achieve organic growth over time. Sigel also emphasized the limitations of administrative actions in achieving this goal: “The problem with administrative actions is that they can lead to lawsuits. Any amount over 100 million dollars could be sued by people like Elizabeth Warren (the U.S. Senator from Ohio, who is fundamentally opposed to the crypto industry). So, I suggest taking 100 million dollars from the Exchange Stabilization Fund first.”

Note: The Exchange Stabilization Fund is a branch of the U.S. Treasury responsible for managing investment portfolios in both domestic and foreign currencies to achieve the goal of intervening in exchange rates. This special arrangement allows the U.S. government to adjust exchange rates without affecting the domestic money supply.

Source: Cointelegraph