VanEck: "US Bitcoin Strategic Reserve Requires Additional Legislation"

Uk Jin

Summary

Matthew Sigel of VanEck stated that legislative measures are needed for the US's strategic Bitcoin reserve.
He emphasized that adding Bitcoin mining incentives to the congressional budget is a crucial factor in increasing the US's Bitcoin holdings.
Sigel mentioned that the executive order could face lawsuits, particularly noting the possibility of Senator Elizabeth Warren challenging it.

With President Donald Trump signing an executive order for the strategic reserve of Bitcoin (BTC), there are opinions that legislative measures are needed for the US to actually implement this.

According to Cointelegraph, a cryptocurrency-focused media outlet, on the 27th (local time), Matthew Sigel, head of digital assets at VanEck, stated at the 'Bitcoin 2025' event that "to implement the strategic reserve of Bitcoin, Bitcoin mining incentives need to be added to the congressional budget adjustment process."

This explains that legislative measures, such as amending the congressional budget bill, are necessary to increase the US's strategic Bitcoin holdings.

Sigel further added, "Administrative actions could face lawsuits," and "any policy over $100 million will be challenged by someone like Senator Elizabeth Warren."