Bessent Urges Senate to Advance Clarity Act for Digital Asset Regulation

U.S. Treasury Secretary Scott Bessent has called on the Senate to advance the Clarity Act, a bill intended to establish a comprehensive regulatory framework for digital assets and enhance tools for combating illicit activities. Bessent urged senators to resume negotiations and initiate the legislative process, warning that failure to act could undermine U.S. leadership in the digital asset sector and limit national security capabilities.