VanEck executive: Building a US strategic bitcoin reserve requires congressional legislation
2025-05-27 22:49:34
Speaking at the Bitcoin 2025 conference in Las Vegas, Matthew Sigel, head of digital assets at VanEck, said the "most viable path" to establishing a permanent US strategic bitcoin reserve was through "targeted amendments to congressional budget legislation". He noted that these could include "tax credits for mining companies that use methane gas" and incentives for miners to "turn over some of their bitcoin to the federal government". This would allow reserves to "grow naturally over time", Mr. Sigel said.
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