Treasury Secretary Scott Bessent urges the Senate on Wednesday to advance the CLARITY Act, warning that failure to do so could undermine America’s leadership in digital assets.
Bessent Warns of Fallout if CLARITY Fails
Bessent urged lawmakers to stay at the negotiating table, approve the motion to proceed, and keep the legislative process moving.
He warned that inaction could send a "troubling signal" to allies and adversaries that the U.S. isn’t ready to lead the future of cryptocurrencies and blockchains.
Last month, Bessent criticized Senate Democrats for delaying the legislation, saying political considerations were blocking regulatory clarity for the cryptocurrency industry. He described the legislation as a “floor-ready” bill awaiting a vote.
