At the Bitcoin 2025 conference in Las Vegas, Matthew Sigel, head of digital assets at VanEck, called for congressional legislation to expand the U.S. strategic Bitcoin reserve.
Legislative Pathways for Reserve Expansion
Matthew Sigel suggested **congressional legislation** as the main route for the U.S. to expand its Bitcoin reserves, emphasizing the importance of **tax incentives** for miners. He proposed an initial allocation of $100 million from the Exchange Stabilization Fund to kickstart the **reserve initiative**.
Impact of Bitcoin on the U.S. Economy
Bitcoin (BTC) remains a dominant digital asset with a market capitalization of $2.17 trillion, controlling 62.97% of the crypto market as per CoinMarketCap. Recent records indicate Bitcoin's price at $109,167.07, reflecting a 30-day growth of 16.35% and a 90-day increase of 30.17%.
Policy Prospects and Challenges
Sigel stated that executive actions are likely to face litigation, underscoring the need for **bipartisan congressional methods** to stabilize and grow the reserve without legal setbacks.
Initiatives to expand the Bitcoin reserve could strengthen the U.S.'s strategic position globally, stimulate innovation in blockchain technology, and attract institutional investments.
