US Treasury Secretary Scott Bessent told the Senate Finance Committee hearing that the Treasury Department is pushing forward the strategic Bitcoin reserve and digital asset reserve mandated by Trump’s executive order at a prudent pace. As an emerging tech sector, relevant setup needs sustainable best practices for long-term development. Bessent added the US administration is advancing digital asset legislation and backs the CLARITY Act to keep digital asset businesses and regulatory frameworks within US jurisdiction. The US government currently holds approximately 328,400 BTC valued at around USD 21.5 billion.