Treasury Secretary Besent backs CLARITY Act during hearing: granting the Treasury more power to combat tax evasion U.S. Treasury Secretary Scott Besent expressed support for the Bitcoin Reserve Plan and the CLARITY Act during a congressional hearing. Representative Brad Sherman questioned on the spot, saying, 'No country in history that has won a war has held Bitcoin reserves,' advocating that funds should be directed toward oil and rare earth reserves rather than Bitcoin, which 'could disappear in a single day.' Besent responded, 'This is precisely why I am pushing for the passage of the CLARITY Act, as it will grant the Treasury more power to track down such tax evasion activities.'