Bessent Warns Senate: Advance CLARITY Act or Risk Losing Global Crypto Leadership

Treasury Secretary Scott Bessent is urging the Senate to advance the CLARITY Act before the September 15 procedural vote, framing the legislation as a tool for crypto regulation and national security.

Bessent warned that failure to advance the legislation would signal that the United States is unwilling to lead on digital assets or strengthen its ability to combat their misuse.

The Senate's scheduled September 15 procedural vote on H.R. 3633, the Digital Asset Market Clarity Act, has taken on added importance with Bessent's intervention.

If cloture succeeds, the Senate can move toward formally considering the bill, but a failed vote would make passage during the current congressional window far more difficult.