At a Senate Finance Committee hearing, Treasury Secretary Scott Bessent said the Treasury is moving steadily to establish a strategic Bitcoin reserve. He emphasized that the complex process is advancing, with best practices being integrated at every step to ensure the reserve's long-term viability.
Bessent also called on lawmakers to pass the Clarity Act this summer, describing it as a way to bring America's digital asset regulatory best practices home and make the nation a global innovation capital.
His testimony indicates that the US is entering the practical implementation phase of its crypto strategy, including the reserve and comprehensive regulation.
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