Scott Bessent Backs Strategic Bitcoin Reserve, Urges Senate to Pass Clarity Act
Treasury Secretary Scott Bessent has expressed the Trump administration's commitment to establishing a Strategic Bitcoin Reserve. He urged Congress to pass the BITCOIN Act and Clarity Act to support this initiative. Bessent emphasized the connection between economic security and national security during a Senate Finance Committee hearing.
- ▪Scott Bessent addressed the Senate Finance Committee regarding the Strategic Bitcoin Reserve.
- ▪The reserve currently holds approximately 328,372 BTC, valued at around $25 billion.
- ▪Bessent called for the passage of the BITCOIN Act to authorize the Treasury to purchase additional bitcoin.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Bitcoin Magazine.
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