U.S. President Donald Trump hopes to sign a comprehensive cryptocurrency bill "very soon," but key stakeholders have differing opinions.
Speaking at the World Economic Forum in Davos, the U.S. leader reiterated that the country is the "cryptocurrency capital of the world."
"Congress is actively working on legislation regarding the structure of the cryptocurrency market, Bitcoin, and everything else, and I hope to sign it soon," Trump added.
At the same event, U.S. Treasury Secretary Scott Bessent clarified that authorities aim to create "the best regulatory framework for digital assets to foster innovation," which requires time for consensus among all parties.
"THE POLICY OF THIS GOVERNMENT IS TO ADD SEIZED BITCOIN TO OUR DIGITAL ASSET RESERVE" — U.S. Treasury Sec. Scott Bessent on Tornado Cash developers' seized Bitcoin being sold at USA House in Davos #WEF26 pic.twitter.com/aecT8j3giv
— Christine Lee (@christinenews) January 20, 2026
The official also confirmed the push for a national crypto reserve funded by seized assets, noting that the government has completely halted the sale of confiscated Bitcoins.
However, Bessent declined to comment on the $6 million seized in Bitcoin from the developers of Samourai Wallet.
David Sacks, the White House advisor on artificial intelligence and cryptocurrencies, also stated that American banks will "fully" participate in the crypto industry once the Genius Act is passed.
"I advocate for reaching a solution and facilitating compromise so we can send the market structure bill to the president for consideration," he noted.
Following mixed signals from American politicians, Bitcoin briefly returned to $90,000. However, at the time of writing, the coin had retreated back to $88,000, a level it fell to the day before.
15-minute BTC/USDT chart from Binance. Source: TradingView.Notably, JPMorgan analysts identified the Clarity Act as one of the key drivers of the crypto industry in 2026.