United States Treasury Secretary Scott Bessent confirmed before the Senate Finance Committee that Donald Trump’s government is moving forward with determination in the creation of the Bitcoin Strategic Reserve, a project promoted by presidential executive order in March 2025.
During his June 3 testimony On the fiscal year 2027 budget, Bessent used the phrase “proceeding with all deliberate speed” to describe the pace of work at the Treasury Department.
This phrase would indicate that his administration maintains progress without unnecessary pausesbut with due care in the face of emerging technology. “It is a new technology, it is new terrain. We make sure to use the best practices so that it is durable in the future,” said Bessent, recognizing the complexity of the process, but reaffirming the Executive’s commitment.
The current reserve is nourished mainly by bitcoin seized by federal authoritiesavoiding for now direct purchases with public funds that impact the taxpayer, in line with the neutral strategy from a budgetary point of view ordered by Trump.
More than a year after the signing of the executive order, the progress becomes relevant in a context of geopolitical competition. Countries like China and Russia have intensified interest in digital assetsas the United States seeks to consolidate its global financial leadership.
The US Government’s Current Stockpile around 328,000 bitcoinvalued at approximately $21 billion. Bessent also urged Congress to approve the Regulatory Clarity for Cryptoassets Act (CLARITY Act) this summer, legislation that seeks to establish a clear regulatory framework for digital assets, as reported by CriptoNoticias.
According to the secretary, this law is essential to attract innovation, prevent the flight of companies abroad and strengthen national economic security.
The testimony reflects a historic change of position in Washington. From an initially cautious position towards cryptocurrencies, the current government has gone on to integrate them as part of its economic policy strategy and the primacy of the dollar.
However, challenges remain: the reserve has not yet been codified into law through legislative projects, and technical implementation requires robust stewardship and governance protocols.
Furthermore, debate persists about the risk of volatility of maintaining a large amount of bitcoin in state balance sheets, the lack of a law that definitively codifies the reserve and the priority given to a digital asset compared to other more immediate economic challenges. Concerns are also being raised about the secure custody of these assets and the potential risks of cyber attacks.
What the secretary said would highlight that “deliberate speed” balances the strategic urgency of Donald Trump’s government with institutional prudence, an approach that could serve as a model for other nations evaluating Bitcoin reserves.
At this point it is important to say that what is at stake transcends the custody of 328,000 bitcoin. Washington’s decision to treat a digital asset as a sovereign reserve marks a before and after in the global financial architecture. If the CLARITY Act advances this summer and the reservation is codified into law, the United States will have turned an experimental bet into state doctrine.
If the process stalls, it will cede symbolic and strategic ground to rivals who are already watching the Treasury’s every move. Bessent’s “deliberate celerity” is not just a description of bureaucratic rhythm; It is, at its core, the bet that a financial revolution can be led without losing institutional balance. The world will take note of the result.