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U.S. Treasury Secretary urges Congress to pass the CLARITY Act this summer, confirming ongoing strategic Bitcoin reserve development
BlockBeats news: June 4, U.S. Treasury Secretary Scott Bessent urged senators to pass the CLARITY Act this summer to further improve the digital asset regulatory framework.
Bessent also confirmed that the U.S. government is “advancing the strategic Bitcoin reserve in a prudent and swift manner,” and the related reserves will be mainly composed of Bitcoin assets confiscated by the government.
This statement shows that the U.S. government is accelerating progress on cryptocurrency regulatory legislation and continuing to implement plans to establish a national strategic Bitcoin reserve.