US Treasury Secretary Scott Bessent ‘Strongly Urges’ Senate To Pass Clarity Act

Bitcoin Magazine US Treasury Secretary Scott Bessent ‘Strongly Urges’ Senate To Pass Clarity Act U.S.

Secretary of the Treasury Scott Bessent urged lawmakers to move forward with the crypto Clarity Act when they return from recess next week.  Writing on X Wednesday, Bessent said that the bill would stop “bad actors” from exploiting important digital asset tech.  Lawmakers were hoping a crucial vote on the long-awaited crypto market structure bill would go ahead in August before their five-week recess.

But it was delayed and the Senate will now vote on it next week.  JUST IN: US Treasury Secretary Scott Bessent says he 'strongly urges' the Senate to pass the Clarity Act.

"Failing to do so would send a troubling signal to our allies and adversaries alike that America is unwilling to lead on the future of digital assets".