Scott Bessent Backs Strategic Bitcoin Reserve, Urges Senate To Pass Clarity Act

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Bitcoin Magazine Editorial

(06:10 PM UTC)

1 min read

Reviewed byMichael Roberts

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Treasury Secretary Scott Bessent told the Senate Finance Committee on Wednesday that the Trump administration is committed to building out the United States’ Strategic Bitcoin Reserve, expressing enthusiasm for the effort and calling on lawmakers to advance major crypto legislation before the summer’s end.

Bessent appeared before the committee at a hearing on “The President’s Fiscal Year 2027…