U.S. Treasury Secretary: Crypto market structure bill must pass before this spring

U.S. Treasury Secretary Scott Bessent said the 'CLARITY Act,' a crypto market structure bill, must pass before this spring. He expressed optimism about the bill’s prospects.

According to crypto-focused outlet Bitcoin Magazine on the 10th (local time), Bessent recently appeared on Fox News and said, "The CLARITY Act has to pass before this spring is over." He added, "The CLARITY bill must be enacted, and personally I’m optimistic about its passage."

He said the market structure bill must pass before this spring is over, adding, "The CLARITY bill must be enacted, and personally I’m optimistic about its passage."

The CLARITY Act is centered on clarifying the criteria for classifying crypto and digital assets as securities or commodities and establishing the respective jurisdictions of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It is seen as a key bill to lay the basic framework for U.S. crypto regulation.

The bill is currently being discussed at the committee stage in both the House and Senate, and review has been delayed due to political disagreements over certain provisions. More recently, the Senate Agriculture Committee advanced the legislative process by approving the jurisdictional portion in a committee vote.

In the interview, Bessent emphasized that a prolonged regulatory vacuum could weaken the competitiveness of the U.S. crypto industry. He said clear rules are needed so companies and investors can operate in a predictable environment.

The Treasury Department has maintained that, by overhauling the crypto regulatory framework—including the CLARITY Act—it aims to achieve both industry development and financial stability. The bill’s timeline is expected to be clarified as congressional deliberations progress.