U.S. Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that he supports Congress moving quickly to advance the "Clarity Act" Digital Asset Market Structure Bill and hopes the bill will be enacted by this summer. Bessent said the bill would help establish a federal regulatory framework for the digital asset industry and promote the return of related businesses to the United States. At the same time, he mentioned that the Treasury Department is continuing to push forward with the establishment of a U.S. strategic Bitcoin reserve. Bessent pointed out that the plan involves complex processes, and the Treasury Department is steadily progressing according to established procedures to ensure the long-term sustainability of the relevant arrangements. (The Block)

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MevInRetrospect
· 6h ago
The Ministry of Finance leading the reserve plan is more reasonable than involving the Federal Reserve.
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MemeSourdough
· 6h ago
Once a federal-level framework is established, the pain points caused by fragmented state-level regulation can be alleviated to a great extent.
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NodeOutsider
· 6h ago
Strategic Bitcoin reserves are still advancing steadily, showing there’s no empty talk—only that the process is genuinely complex.
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Post-RainCandlestickReflection
· 7h ago
The summer legislative time window is quite tight; those who understand Congress efficiency understand.
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GateUser-ada1e8c7
· 7h ago
Senate Finance Committee hearing, the level is high enough, not just a casual remark.
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LiquidityLullaby
· 7h ago
Bessent's recent stance is considered pragmatic, not shouting slogans, just focusing on progress
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PixelPnl
· 7h ago
If the Clarity Act can truly be implemented in the summer, the compliance agencies will enter the market much faster. Looking forward to it.
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