US Treasury Secretary pursuing strategic BTC reserve, aims for summer passage of Clarity Act

U.S. Treasury Secretary Scott Bessent has stated that the department is pursuing a plan for a strategic Bitcoin reserve and that he hopes the Clarity Act will pass this summer. According to The Block, Bessent emphasized during a Senate Finance Committee hearing the need for a clear regulatory framework for the crypto industry. He added that officials are working to establish a crypto custody system and make the U.S. a global hub for innovation, reiterating his goal for the bill's passage this summer and confirming that the Treasury is proceeding with the BTC reserve plan.