U.S. Treasury Secretary Signals Progress on Strategic Bitcoin Reserve and CLARITY Act

President Donald Trump signed an executive order on March 6, 2025, directing the U.S. Treasury to establish a Strategic Bitcoin Reserve using Bitcoin forfeited through criminal and civil proceedings, alongside a separate digital asset stockpile. The CLARITY Act seeks to define the SEC's and CFTC's jurisdiction over tokens and trading platforms, with implications for U.S. crypto regulation and the industry's development.

On June 3, 2026, Treasury Secretary Scott Bessent told a Senate Finance Committee hearing on the Treasury Department's fiscal 2027 budget that work on the reserve was accelerating and following best practices. He said he hoped the CLARITY Act would pass that summer. BitcoinTreasuries estimated that the government held 328,372 BTC, worth about $20.6 billion at the time, mostly from forfeitures rather than new purchases.