Treasury Secretary Urges Congress to Pass Crypto Bill

U.S. Treasury Secretary Scott Bessent is urging Congress to pass the Digital Asset Market Clarity Act (CLARITY Act). He warns that the current lack of a clear regulatory framework is causing the U.S. to lose its leadership position in the rapidly evolving crypto market. Bessent highlighted that this regulatory uncertainty has predictable negative consequences, pushing innovation and development out of the country. Passing the bill is seen as crucial to establishing a defined path forward for digital assets and maintaining American competitiveness in this critical sector.