U.S. Treasury Secretary Scott Bessent told a Wednesday hearing of the Senate Finance Committee that his department is proceeding with "deliberate speed" on President Donald Trump's order to establish a strategic Bitcoin reserve.
Treasury Secretary Bessent also advocated for legislative action on digital asset regulation, framing the Digital Asset Market Clarity Act as essential for maintaining U.S. leadership in crypto innovation. "It's very necessary to bring U.S. best practices onshore, and we work tirelessly in terms of custodying these assets and making the U.S. the innovation capital of the world," he told senators, adding that, "I look forward to the Clarity Act being passed this summer."
