US Treasury Secretary Signals CLARITY Act by Summer, Progress on Bitcoin Reserve
Bessent said Treasury is moving quickly on the reserve as the United States holds 328,372 BTC worth about $215 billion, officials said.
- On Wednesday, Treasury Secretary Scott Bessent testified before the Senate Finance Committee that the Treasury Department is "proceeding with all deliberate speed" on President Donald Trump's 2025 order to establish a Strategic Bitcoin Reserve.
- The United States currently holds 328,372 BTC in its reserves, valued at about $215 billion, primarily from government seizures; Treasury officials reported no additional acquisition plans as of March.
- Secretary Bessent encouraged Congress to support the CLARITY Act to bring industry best practices onshore, with the administration aiming for Senate passage this summer.
- White House crypto adviser Patrick Witt flagged in May that President Donald Trump aimed for a July 4 signing ceremony, though some senators expect passage before August.
- Individual jurisdictions like Texas have already passed legislation creating state-controlled crypto reserves, establishing a precedent as the federal government works to codify the executive order into national law.
12 Articles
12 Articles
US Treasury Secretary Signals CLARITY Act by Summer, Progress on Bitcoin Reserve
The United States holds about $215 billion worth of Bitcoin, with Treasury Secretary Scott Bessent saying the government was moving forward on enacting Donald Trump’s executive order to establish a national Bitcoin reserve.
Treasury Secretary Confirms Progress on Bitcoin Reserve, Calls for Senate Action on CLARITY Act
Key Takeaways Scott Bessent, Treasury Secretary, informed senators that the strategic Bitcoin reserve initiative is advancing rapidly Federal holdings currently stand at 328,372 BTC, valued at approximately $215 billion Bessent called on Senate leadership to approve the Digital Asset Market Clarity (CLARITY) Act before summer concludes The legislation successfully passed House review last year but remains pending in the Senate White House digit…
US Treasury Moves on Bitcoin Reserve With 4,500-Word Gap in Public Details
The US Treasury is pushing ahead. Scott Bessent confirmed the department is working at what he called “all deliberate speed”… Read the original on US Treasury Moves on Bitcoin Reserve With 4,500-Word Gap in Public Details. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Scott Bessent sees progress in the Bitcoin Reserve. The US Finance Minister is also confident about the CLARITY Act. Source: BTC-ECHO BTC-ECHO
CLARITY Act Wins Treasury Secretary Bessent's Backing in Senate
The CLARITY Act received another major boost this week. This came after U.S. Treasury Secretary Scott Bessent publicly backed the legislation during a Senate Finance Committee hearing. Speaking on June 3 while discussing the Treasury Department’s fiscal year 2027 budget. Bessent said he looks forward to working with lawmakers on digital asset policy. He also expressed support for advancing the CLARITY Act this summer. A few years ago, they calle…
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