US Treasury Secretary: Treasury Department is steadily advancing the Strategic Bitcoin Reserve and pushing for the passage of "Clarity Act" this summer

Odaily news, US Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury Department is steadily advancing the establishment of a strategic Bitcoin reserve. Meanwhile, Scott Bessent urged lawmakers to support the digital asset regulatory bill "Clarity Act" and expressed hope that it would pass this summer, in order to bring US best practices home and make America the world’s innovation capital.

Regarding the strategic Bitcoin reserve, Scott Bessent noted that while the process is complex, it is moving forward, ensuring the adoption of best practices amid the complexities so that it can be sustainable in the future. (The Block)