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Treasury Secretary Bessent Backs CLARITY Act and Strategic Bitcoin Reserve on June 3

Regulation & Policy Stocks

2026-06-04 06:31:51

BTC-6.93%

According to Treasury Secretary Scott Bessent's testimony before the Senate Finance Committee on June 3, he publicly backed the CLARITY Act and expressed support for advancing the digital asset legislation this summer. Speaking during a hearing on the Treasury Department's fiscal year 2027 budget, Bessent stated he looks forward to working with lawmakers on digital asset policy. His comments also highlighted progress on the administration's Strategic Bitcoin Reserve initiative, with Bessent confirming officials are moving forward "with all deliberate speed" using existing government-owned Bitcoin from forfeiture proceedings.

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