Bessent Urges Senate to Pass CLARITY Act, Says U.S. Digital-Asset Leadership Is at Stake
JH Kim
Summary
- U.S. Treasury Secretary Scott Bessent urged the Senate to pass the CLARITY Act.
- Bessent said the Senate should advance the bill to strengthen U.S. leadership in the digital-asset sector.
- He said failure to pass the bill could signal to the market that the U.S. lacks the will to lead the digital-asset industry.
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U.S. Treasury Secretary Scott Bessent urged the Senate to pass the CLARITY Act, a market-structure bill for digital assets.
Cointelegraph reported on September 9 that Bessent said the Senate should advance the CLARITY Act to strengthen U.S. leadership in digital assets.
Failure to pass the bill could signal to the market that the U.S. lacks the will to lead the digital-asset industry, he said.
Bessent also emphasized that congressional legislation is needed to maintain U.S. competitiveness in digital assets.
JH Kim
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