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US Treasury urges Senate to pass CLARITY Act as Strategic Bitcoin Reserve holds 207,000 BTC.

Market News
04 Jun 2026
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US Treasury Secretary Scott Bessent told the Senate Finance Committee that the Strategic Bitcoin Reserve, currently holding about 207,000 BTC mainly from seized assets, is progressing cautiously. He urged the Senate to pass the CLARITY Act this summer, which would clarify digital asset regulations and shift oversight from the SEC to the CFTC. The bill faces political hurdles but is seen as crucial for establishing clear crypto rules ahead of the midterm elections. The administration emphasizes using best practices to ensure the reserve's durability and US leadership in crypto innovation.

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