Bessent Calls on Senate to Pass CLARITY Act Amid Growing Pressure

Treasury Secretary Scott Bessent has urged the Senate to hold an immediate vote on the CLARITY Act, emphasizing that it's essential for keeping the U.S. at the forefront of the digital asset industry.

Bessent noted that the House passed the bill over a year ago and that both Senate Banking and Agriculture committees have advanced their respective portions, resulting in a 'floor-ready' bill awaiting a vote.

Bessent criticized Senate Democrats for delaying the legislation, attributing it to political considerations rather than regulatory clarity for the crypto industry.

Fundstrat Capital CIO Tom Lee echoed Bessent's call for an immediate vote on the CLARITY Act, stating that 'this needs to be passed and enacted' to ensure the U.S. leads in digital financial future.