Bessent backs summer push for Clarity Act, says bitcoin reserve moving at ‘deliberate speed’

Treasury Secretary Scott Bessent is advocating for a summer push to establish a strategic bitcoin reserve, emphasizing the department's methodical approach to this initiative. The Clarity Act, which aims to provide clearer regulatory guidelines for cryptocurrencies, is gaining support as Bessent highlights the need for careful, deliberate steps in creating a bitcoin reserve. This move signals a significant step toward integrating digital assets into the financial system, potentially reshaping the regulatory landscape and offering new opportunities for innovation and investment.