The idea of a U.S. strategic Bitcoin reserve is gaining attention, but VanEck’s head of digital assets says it won’t happen without help from Congress.
Speaking at Bitcoin 2025 in Las Vegas, Matthew Sigel explained that growing a U.S. Bitcoin reserve needs more than an executive order. It needs targeted legislation and a smart approach to government spending.
Sigel believes the best strategy is to include Bitcoin mining incentives in the congressional budget reconciliation process. This method could offer tax credits to miners using clean energy, like methane gas, in return for sharing some of their mined Bitcoin with the government.
Why not use executive orders? According to Sigel, that path leads to lawsuits.
“Anything over $100 million will likely get challenged by lawmakers like Elizabeth Warren,” he said.
That’s why he recommends starting small, perhaps with $100 million in the Exchange Stabilization Fund, to test the idea.
This conversation follows Trump’s March 2025 executive order that created a U.S. Bitcoin Strategic Reserve. But the order limits how Bitcoin can be acquired: only budget-neutral methods or asset forfeiture are allowed.
So, the question is: How does the U.S. build its Bitcoin stockpile — now near 200,000 BTC — without breaking the rules or sparking political fights?
Several leaders are pitching creative ideas.
Senator Cynthia Lummis proposed converting part of the U.S. Treasury’s gold certificates into Bitcoin. This move wouldn’t cost taxpayers anything and could add to the reserve.
Bo Hines, from the President’s Council of Advisers on Digital Assets, backed a similar plan. He suggested revaluing the government’s gold, currently recorded at just $42.22 per ounce, and using the gains to buy Bitcoin.
Gold hit $3,500 per ounce in April before dropping to around $3,300, making this idea more appealing — especially since the value gap is massive.
All of this reflects a growing belief: Bitcoin is a national strategic asset.
But to build a reserve, it must be done legally, carefully, and with long-term vision. That means working with Congress, not against it.
If the U.S. wants to lead in the digital asset space, smart legislation and innovation will be key. Bitcoin may become the digital gold of the future — and countries that act now could benefit the most.
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