Matthew Sigel, Head of Digital Assets Research at VanEck, proposed a partnership between the US government and Bitcoin miners within Trump's "Freedom Cities" initiative. Sigel suggested that the government could receive a royalty on every BTC mined, while miners could sell their Bitcoin tax-free under certain conditions. He also proposed that miners using advanced technologies such as flared gas could receive additional tax breaks to promote sustainable mining practices. The idea attracted responses, with one person suggesting Native American reservations as ideal locations for such projects. They proposed that implementing Sigel's vision on reservations could bring economic and social benefits to Indigenous communities. The response also discussed using various energy options on tribal lands and enabling private equity and venture capital firms to invest in infrastructure development.
- Content Editor ( cryptonewsz.com )
- 2024-11-14
VanEck Exec's Bold Idea on Trump Partnering Bitcoin Miners