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U.S. Plans Bitcoin Reserve Expansion, Considers Gold Conversion

5/29/2025

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Summary

Story summary

At the 2025 Bitcoin Conference in Las Vegas, Bo Hines revealed the U.S. government's pledge to uphold and expand its Strategic Bitcoin Reserve, promising not to sell any Bitcoin. Matthew Sigel called for focused legislation to enhance the reserve, proposing incentives for miners. Lawmakers are also considering a bold move: converting gold holdings into Bitcoin to maintain budget neutrality.

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Story summary

At the 2025 Bitcoin Conference in Las Vegas, Bo Hines revealed the U.S. government's pledge to uphold and expand its Strategic Bitcoin Reserve, promising not to sell any Bitcoin. Matthew Sigel called for focused legislation to enhance the reserve, proposing incentives for miners. Lawmakers are also considering a bold move: converting gold holdings into Bitcoin to maintain budget neutrality.