Treasury Secretary Scott Bessent Reaffirms U.S. Strategic Bitcoin Reserve Plans, Pushes for CLARITY Act Approval

U.S. Treasury Secretary Scott Bessent has reaffirmed that the Trump administration remains committed to establishing a Strategic Bitcoin Reserve, emphasizing that cryptocurrency and digital assets are becoming an important part of America’s long-term economic strategy.

Speaking during a Senate Finance Committee hearing on the administration’s 2027 budget proposals, Bessent described the Strategic Bitcoin Reserve as a key priority aligned with broader national economic and security objectives. He stressed that the administration is moving carefully while developing the framework for the reserve, ensuring that policies are sustainable and effective for the future.

Bessent told lawmakers that economic security and national security are closely connected, adding that the United States is working quickly to regain its competitive position in emerging financial technologies. According to the Treasury Secretary, the country had fallen behind for decades, but significant progress is now being made under President Donald Trump’s leadership.

The Treasury chief highlighted that digital assets, including Bitcoin, play a major role in this initiative. He noted that creating a Strategic Bitcoin Reserve involves navigating new technology and unexplored territory, requiring careful planning and implementation. While officials continue evaluating the details, Bessent said the administration is proceeding with “all deliberate speed” to ensure the program is built on strong foundations.

The administration is currently advancing President Trump’s executive order that established the Strategic Bitcoin Reserve. Earlier reports also suggested that Trump’s crypto advisor, Patrick Witt, hinted at a major announcement related to a national Bitcoin reserve in the near future.

Beyond the Bitcoin reserve initiative, Bessent renewed his call for Congress to pass the CLARITY Act, a major cryptocurrency bill designed to establish a federal regulatory framework for digital assets. He expressed optimism that the legislation could be approved during the summer.

The CLARITY Act has become one of the most closely watched crypto regulations in Washington. Although legislative progress has been gradual, the bill has now entered the U.S. Senate’s legislative calendar, increasing expectations that lawmakers could soon hold a full Senate floor vote. If passed, the legislation could provide greater regulatory clarity for the cryptocurrency industry and strengthen the United States’ position in the global digital asset market.