US Treasury Secretary signals progress on Bitcoin reserve, CLARITY Act

- Scott Bessent claims the Treasury is moving with "deliberate speed" on Trump’s Bitcoin reserve. Let’s translate that bureaucratic jargon: they’re still figuring out how to plug the USB drive into the wall without electrocuting themselves. The CLARITY Act is supposedly coming to tame this wild west, which is rich, considering regulators usually treat innovation like a contagious disease. Meanwhile, moonboys are already pricing in a government-backed pump, ignoring the fact that if Uncle Sam holds your coins, you don’t own them—you’re just renting space on their hard drive. It’s not a strategic reserve; it’s a hostage situation with better PR. Keep your keys cold and your expectations colder, because when the state enters the chat, liquidity goes to die.