U.S. Treasury Secretary Bessent urges lawmakers to pass the Clarity Act clarity bill this summer, previewing that the “Strategic Bitcoin Reserve” is currently being carefully advanced.

According to a report by The Block, U.S. Treasury Secretary Scott Bessent strongly urged lawmakers at the Senate hearing on June 3 to fully support and pass the Cryptocurrency Market Structure Act (Clarity Act) this summer. At the same time, he revealed that the U.S. government is continuing to advance the establishment of a “Strategic Bitcoin Reserve” at a “deliberate pace,” with the goal of making the United States a global hub for crypto innovation.
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The Trump administration has released a strong signal that it is friendly to the cryptocurrency industry. According to a report by The Block on June 3, 2026, during a recent Senate Finance Committee hearing (which mainly discussed the 2027 federal budget), U.S. Treasury Secretary Scott Bessent issued an urgent call for progress on crypto market regulatory processes and also updated the market on the progress of the highly watched “Strategic Bitcoin Reserve” plan.

Push for the Clarity Act to pass this summer and build a global innovation capital

In the hearing, Bessent clearly stated that lawmakers must fully support the Clarity Act. He emphasized that this bill is crucial to bringing the United States’ best practices back home and properly safeguarding custodied assets. Bessent’s exact words were: “Bringing the best practices back home is absolutely necessary… it will make the U.S. the global center of innovation.”

The Clarity Act is the United States’ first major law to comprehensively regulate the digital asset industry at the federal level. Although the bill passed the House of Representatives last year, it is still stalled in the Senate. It is understood that the current legislative hurdles include how stablecoin rewards are handled, protective provisions for software developers, and potential conflicts of interest that Trump’s presidential crypto ventures may trigger. With Congress preparing to shift its focus to the appropriations bill, and with the November midterm elections approaching, Bessent believes that if the window this summer is missed, legislative progress could be delayed significantly.

The Strategic Bitcoin Reserve is being advanced “with caution”

In addition to the market structure bill, Bessent also addressed the “Strategic Bitcoin Reserve” executive order signed by Trump early in his term. The reserve’s main funding source is expected to be the stockpile of Bitcoin and other digital assets obtained by the government through criminal or civil forfeitures.

Bessent admitted that building a national-level reserve is quite complex, but he emphasized that the Treasury Department has not stopped its efforts: “We are moving forward at a cautious and steady pace (deliberate speed)… we will adopt best practices to ensure that these constructions can stand up to the test of time in the future.”

In fact, White House digital assets adviser Patrick Witt previously hinted in April that there would be a “major announcement” soon. Although the plan is still being prepared carefully, Bessent’s remarks have once again confirmed that the U.S. government’s determination to include Bitcoin as a strategic national asset has not wavered, and that it is committed to accelerating the development of crypto compliance and infrastructure in the United States.