U.S. Treasury Secretary Bessent Advocates for Strategic Bitcoin Reserve

U.S. Treasury Secretary Scott Bessent announced during a Senate Finance Committee hearing that the Treasury Department is steadily advancing the establishment of a strategic Bitcoin reserve. According to ChainCatcher, Bessent urged lawmakers to support the Clarity Ac digital asset regulation bill, expressing hope that it will pass this summer to incorporate U.S. best practices and position the country as a global innovation hub. Bessent acknowledged the complexity of creating a strategic Bitcoin reserve but emphasized that the process is progressing with a focus on adopting best practices to ensure sustainability.