U.S. Treasury Accelerates Bitcoin Reserve Plans Amid CLARITY Bill Harmonization

The U.S. Treasury is accelerating its efforts to create a strategic bitcoin reserve, as revealed by Treasury Secretary Scott Bessent in a recent Senate Finance Committee hearing.

Bessent stated that procedures are moving quickly under an executive order signed by President Donald Trump in 2025, which aims to build the bitcoin reserve plan. The Treasury is working through complex procedures and applying best practices to ensure the long-term sustainability of the reserve.

The current estimated value of the U.S. government's bitcoin holdings is approximately $21.5 billion, making it a significant step for the country to establish a strategic reserve. However, Bessent did not provide details on whether additional assets would be included in the reserves, such as digital assets seized from Iran.

Meanwhile, the Senate continues to work on harmonizing the CLARITY bill, which aims to provide clarity on digital-asset market structure. The White House is expecting the bill to pass the Senate this summer, with a potential signing ceremony scheduled for July 4. However, some senators expect it to be handled before August.