Treasury Secretary Scott Bessent has told the Senate Finance Committee that the Trump administration is actively pursuing a Strategic Bitcoin Reserve, marking a significant step toward formalising federal Bitcoin holdings. Bessent urged lawmakers to pass both the BITCOIN Act and the Clarity Act, legislation that would legally establish and potentially expand the reserve. The move signals the administration's intent to embed Bitcoin into US financial strategy through congressional backing rather than executive action alone. Passing the Clarity Act would also provide broader regulatory guidance for the crypto sector. The dual legislative push suggests the White House is seeking durable, statute-based foundations for its Bitcoin policy rather than relying solely on executive orders that could be reversed by future administrations.
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