Bessent: A New Blueprint for Crypto Regulation
U.S. Treasury Secretary Scott Bessent announced during the World Economic Forum in Davos that the Trump administration is building a world-leading framework for digital asset regulation. This initiative aims to foster innovation while safeguarding financial stability.
Strategic Bitcoin Reserve Plan
Bessent highlighted that President Trump signed an executive order in March 2025 to classify Bitcoin as a strategic asset. Initial holdings come from seized criminal or civil assets, with a strict ban on sales and plans to grow the reserve through a budget-neutral approach.
Regulatory and Legislative Progress
The U.S. has halted sales of confiscated Bitcoin, with future seizures to be added to the national digital asset reserve. Meanwhile, efforts continue to pass comprehensive crypto regulation, though recent market structure bills stalled in the Senate due to disputes over stablecoin yields and loss of key support.