U.S. Treasury Advances Bitcoin Reserve Framework at 'Deliberate Speed': Bessent

According to U.S. Treasury Secretary Scott Bessent's testimony before the Senate Finance Committee on June 3, the Treasury is proceeding with "deliberate speed" on establishing a strategic Bitcoin reserve mandated by President Trump's March 2025 executive order. Bessent emphasized a methodical approach, stating: "We are making sure that as we are doing this complicated process, that we use best practices and things will be durable for the future."

Bessent also urged lawmakers to pass the Digital Asset Market Clarity Act this summer, calling it "very necessary" for U.S. competitiveness and innovation leadership in crypto markets. The U.S. currently holds 328,372 BTC worth $20.6 billion, acquired through criminal and civil forfeitures.