Secretary Bessent Calls for Bitcoin and Crypto Dominance in the US Ahead of Trump Summit
US Treasury Secretary Scott Bessent is pushing for Washington to take a leadership role in global Bitcoin adoption and cryptocurrency policies.
Ahead of the White House crypto summit, President Donald Trump’s Treasury Secretary Scott Bessent has joined other members of the administration in taking a pro-digital asset stance on multiple media outlets.
One of Trump’s major campaign pledges was to create a national Bitcoin investment strategy. In January, the president signed an executive order to explore US digital asset reserves, including Bitcoin.
On March 6, Trump signed a second executive order related to cryptocurrencies, namely the “United States Digital Asset Reserve” and the “Strategic Bitcoin Reserve.” The order explicitly states that the government will be actively involved in purchasing Bitcoin – an issue that was previously controversial when the first order was issued.
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According to data from Bitcoin Treasuries, the US government now holds 198,109 BTC worth nearly $18 billion as Bitcoin trades below $90,000. The majority of this Bitcoin was collected through criminal crackdowns.
On March 6, David Sacks – AI advisor and White House crypto czar – mildly criticized previous administrations for failing to properly manage the country’s Bitcoin assets. Sacks pointed out that selling Bitcoin too early resulted in the government only collecting $366 million instead of the $17 billion it could have earned if it had kept it.
In an interview with CNBC hours before Trump's summit, Secretary Bessent said the administration's priority right now is to stop selling BTC and consider potential purchases to replenish reserves. He also asserted that the US needs to take a global leadership role in cryptocurrency policy and "bring Bitcoin home to America." Bessent emphasized: "I strongly support the United States becoming the world's leading cryptocurrency nation."
