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Treasury Secretary Bessent reveals new information on Bitcoin reserve
On June 3, U.S. Treasury Secretary Scott Bessent testified before a Senate Finance Committee to discuss the 2027 budget and made some revealing statements regarding the U.S. reserves during the discussion. Bessent said the Treasury Department is proceeding with a "deliberate speed" as far as a strategic Bitcoin (BTC) reserve is concerned. It was in March 2025 that President Donald Trump signed an executive order to establish a strategic Bitcoin reserve. The order mandated creating a reserve made up of Bitcoin forfeited by U.S. authorities and even urged the Treasury to develop "budget-neutral" strategies to ... (full story)
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