Bessent urges Senate to advance Clarity Act: establish digital asset regulatory framework and strengthen national security tools

U.S. Treasury Secretary Scott Bessent has once again called on the Senate to advance the Clarity Act, stating that the legislation aims to establish a comprehensive regulatory framework for digital assets and strengthen the ability to combat related illicit activities. He urged senators to continue negotiations following the recess, agree to initiate the legislative consideration process, and move the bill forward, warning that failure to advance it would undermine U.S. leadership in the digital asset sector and limit its tools to address associated national security risks.