Bessent Seeks Clarity on Digital Asset Regulations

Treasury Secretary Bessent is urging lawmakers to pass the CLARITY Act after the Senate returns. In a recent statement, Secretary Bessent emphasized the importance of providing clarity on the regulatory framework for digital assets in the US.

The CLARITY Act aims to establish a clear and consistent approach to regulating cryptocurrencies and other digital assets. According to the bill, digital asset companies would be required to register with the Commodity Futures Trading Commission (CFTC) and adhere to specific guidelines.