US Treasury Secretary signals progress on Bitcoin reserve, CLARITY Act
Scott Bessent said Treasury is moving forward “with all deliberate speed” on President Trump’s order to create a strategic Bitcoin reserve and broader digital asset stockpile. He said the department is working to build the reserve using best practices and durable procedures, but did not announce any new government purchases. The U.S. currently holds about 328,372 BTC, mostly from seizures. He also said the administration wants Congress to pass the CLARITY Act this summer. The bill would define crypto market rules by separating securities and commodities oversight, and the Senate must reconcile versions from its banking and agriculture committees before a final vote. Bessent urged support for the legislation, saying it would help bring U.S. crypto activity and custody “onshore.”
