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Scott Bessent said that the Treasury Department was \u201cproceeding with all deliberate speed\u201d on Donald Trump\u2019s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.<\/p>\n
US Treasury Secretary Scott Bessent told Senate lawmakers that his department is pushing to establish a strategic Bitcoin reserve and digital asset stockpile more than a year after it was called for in an executive order from President Donald Trump.<\/p>\n
Speaking at a Senate Finance Committee hearing on Trump\u2019s fiscal year 2027 budget for Treasury on Wednesday, Bessent said<\/a> that the department was \u201cproceeding with all deliberate speed\u201d on the president\u2019s 2025 order<\/a> to establish Bitcoin and digital asset reserves. Although the reserve has been filled with crypto seized by the government, Treasury officials had no additional acquisition plans as of March.<\/p>\n \u201cWe are moving forward very quickly on that, and part of that is our digital assets initiative, the strategic Bitcoin reserve is something, this is new technology<\/a>, this is new ground, we are proceeding with all deliberate speed, and we are making sure that as we are doing this in this complicated process, that we use best practices and things will be durable for the future,\u201d Bessent said in response to questions raised by Senator Tim Scott.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n