- U.S. Treasury Secretary Scott Bessent urges the Senate to pass the CLARITY Act when it returns from recess next week.
- Bessent warns that failure to enact the bill would send a “troubling signal” about America’s leadership in digital assets.
- The CLARITY Act aims to establish the first comprehensive U.S. regulatory framework for digital assets.
U.S. Treasury Secretary Scott Bessent urged lawmakers to pass the Digital Asset Market Clarity (CLARITY) Act when the Senate returns from its August recess next Monday, according to a post on X. Bessent wrote, “I strongly urge everyone to remain at the negotiating table, agree to the motion to proceed, and continue the legislative process.”
Consequently, he warned that failing to pass the bill would send “a troubling signal” about America’s leadership in the digital asset industry. The CLARITY Act seeks to establish the first comprehensive regulatory framework for digital assets in the U.S., with the Senate scheduled to resume work according to its legislative calendar.
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