If the CLARITY Act is still hanging around in the Senate, Trump and Scott Bessent are not the only drivers of the convoy. The text waits in a political warehouse where each commission checks its regulatory palettes. Stablecoins, custody, DeFi and conflicts of interest slow down the tour. Meanwhile, the crypto industry is waiting for its federal delivery order, between impatience and fatigue.
In brief
- Scott Bessent wants to pass the CLARITY Act before the end of the American political summer.
- The text must clarify the respective roles of the federal SEC and CFTC.
- The strategic bitcoin reserve is advancing with BTC mainly from US government seizures.
- The Trump administration rejects all CBDC and wants to repatriate offshore crypto activity to the United States.
Crypto: Bessent wants to repatriate the offshore Far West
Before the Senate Finance Committee, Scott Bessent brought the CLARITY Act back to the center of the legislative dock. The Treasury Secretary wants a vote before the end of summer as the parliamentary calendar tightens. The text is intended to create the first comprehensive federal framework for digital assets. It must also distribute roles between the SEC and the CFTC.
The SEC would monitor securities-like digital assets. The CFTC would instead regulate decentralized digital commodities, including bitcoin.
Bessent above all wants to repatriate crypto activity to the United States. The applicable law would become more readable for companies, investors and developers. He asserts :
When you look at digital assets, all the nonsense that's happening, all the things you're reading about, it's because it's the Wild West offshore, so we need to bring it back onshore. So I would encourage the House and Senate to pass CLARITY.
Source: crypto.news
Bitcoin cautiously enters Treasury warehouses
The CLARITY Act does not move forward alone in this political chain. Bessent associates it with the strategic bitcoin reserve created by presidential decree on March 6, 2025. This text provides that the BTC confiscated by the state feed a federal reserve. It also prohibits their ordinary sale, except for specific legal exceptions. A separate inventory must accommodate other seized digital assets.
According to Cointelegraphthe United States would now hold 328,372 BTC. The decree imposes prudent management and future acquisitions that are only neutral for the public budget. In other words, Washington wants to build a bitcoin silo without sending the bill to the taxpayer.
Bessent advances cautiously in this new construction site. He says:
We are moving forward with all deliberate speed, and we are careful, in this complicated process, to use best practices and build something sustainable for the future.
Source: The Block
This careful conveyor language is nothing like fireworks. Rather, he talks about inventory, custody, security and sustainable procedures. Bitcoin becomes a state asset, but it enters through the foreclosure portal, not through a speculative rush.
No CBDC, but an American route for digital assets
The Trump strategy draws a clear line: bitcoin in reserve, crypto under federal framework, but no American CBDC. Bessent reiterated that central bank digital currency remains off the table. According to him, a CBDC could pave the way for tracking transactions. This position speaks directly to Republicans who are defending the Anti-CBDC Surveillance State Act.
However, the CLARITY Act remains blocked by several technical packages. Interest-bearing stablecoins worry some banking groups. Developer protections, DeFi, custody and conflicts of interest linked to Trump's crypto businesses also complicate the parliamentary tour.
One version of the text has already passed the House, another passed the Senate banking committee by 15 votes to 9. From now on, the real test will be the final assembly before the vote.
Regulatory packages to follow
- CLARITY Act: vote hoped for before the end of summer;
- Banking Commission: text adopted by 15 votes to 9;
- American reserve: 328,372 BTC already held;
- BTC price: $63,567 during this writing;
- American CBDC: project rejected by the Trump administration.
The American crypto wallet relies primarily on entries, not open purchases. This mechanism is reminiscent of a recent case: the United States allegedly recovered a billion dollars in cryptos linked to Iran. Washington therefore wants to regulate, store and monitor, without letting go of its seized digital cargo.
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