Treasury Secretary Scott Bessent Demands CLARITY Act Passage
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Treasury Secretary Scott Bessent urged Senate Republicans to hold a markup and send the CLARITY Act to President Trump, warning the US could lose its edge in crypto without federal rules. The CLARITY Act cleared the House in July 2025 but has stalled in the Senate; Bessent says the delay leaves the crypto and DeFi industry in limbo and raises regulatory risk for CEXs, token launches and fundraising. Passage would deliver regulatory clarity for crypto regulation, likely supporting adoption, market certainty and fundraising for projects and exchanges.
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- Bessent called on Senate Republicans to send the CLARITY Act to President Trump’s desk.
- He said that without clear federal rules, the industry is stuck in limbo.
- The bill cleared the House of Representatives in July 2025 but has stalled in the Senate.
Treasury Secretary Scott Bessent is pushing Congress hard to pass major crypto legislation, warning that if the US doesn’t act fast, it could lose its edge in digital assets.
On X, Bessent told lawmakers to get moving on the CLARITY Act, calling on Senate Republicans to “hold a markup and send the CLARITY Act to President Trump’s desk.” He added: “Senate time is precious, and now is the time to act.”
Bessent’s comments come after a Wall Street Journal op‑ed he wrote called Digital Asset Rules Need Clarity, in which he said that without clear federal rules, the industry is stuck in limbo and innovation is head…
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