Crypto: Scott Bessent hopes for a CLARITY Act vote in the Senate before the end of summer

If the CLARITY Act is still dragging in the Senate, Trump and Scott Bessent are not the only drivers of the convoy. The bill waits in a political warehouse where each committee checks its regulatory pallets. Stablecoins, custody, DeFi, and conflicts of interest slow down the tour. Meanwhile, the crypto industry awaits its federal delivery slip, caught between impatience and fatigue.

Crypto: Bessent wants to repatriate the offshore Wild West

Before the Senate Finance Committee, Scott Bessent put the CLARITY Act back at the center of the legislative platform. The Treasury Secretary wants a vote before the end of summer, as the parliamentary schedule tightens. The bill must create the first comprehensive federal framework for digital assets. It must also allocate roles between the SEC and the CFTC.

The SEC would oversee digital assets considered securities. The CFTC would regulate decentralized digital commodities, including bitcoin.

Bessent mainly wants to repatriate crypto activity to the United States. The applicable law would become clearer for companies, investors, and developers. He states:

When you look at digital assets, all the absurdities that happen, all the things you read, it’s because it’s the offshore Wild West, so we need to bring them onshore. So I would encourage the House and Senate to pass CLARITY.

Source: crypto.news

Bitcoin cautiously enters the Treasury warehouses

The CLARITY Act does not advance alone in this political chain. Bessent associates it with the strategic bitcoin reserve created by presidential decree on March 6, 2025. The bill provides that BTC confiscated by the State feed a federal reserve. It also prohibits their ordinary sale, except for specific legal exceptions. A separate stock must accommodate other seized digital assets.

According to Cointelegraph, the United States now holds 328,372 BTC. The decree imposes cautious management and future acquisitions only neutral to the public budget. In other words, Washington wants to build a bitcoin silo without sending the bill to taxpayers.

Bessent moves cautiously on this unprecedented project. He says:

We are moving with all deliberate speed, and we ensure, in this complicated process, to use best practices and to build something sustainable for the future.

Source: The Block

This cautious conveyor language is nothing like a fireworks display. It rather speaks of inventory, custody, security, and sustainable procedures. Bitcoin becomes a state asset, but it enters through the seizure 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 transaction tracking. This position speaks directly to Republicans who support the Anti-CBDC Surveillance State Act.

The CLARITY Act remains blocked by several technical packages, however. Yield-bearing stablecoins worry some banking groups. Developer protections, DeFi, custody, and conflicts of interest related to Trump’s crypto companies also complicate the parliamentary tour.

One version of the bill has already passed the House, another passed the Senate Banking Committee by 15 votes to 9. Now, the real test will be the final assembly before the vote.

Regulatory packages to follow

• CLARITY Act: vote hoped before the end of summer;
• Banking Committee: bill adopted by 15 votes to 9;
• American reserve: 328,372 BTC already held;
• BTC price: 63,567 dollars at the time of writing;
• American CBDC: project rejected by the Trump administration.

The American crypto wallet is first based on seizures, not open purchases. This mechanism recalls a recent case: the United States reportedly recovered a billion dollars in cryptos linked to Iran. Washington thus wants to regulate, store, and monitor, without releasing its seized digital cargoes.