Bessent Warns Senate of Lost Crypto Leadership Without Clarity Act Vote

U.S. Treasury Secretary Scott Bessent called on the Senate to vote on the Clarity Act, a bipartisan legislative effort aimed at providing clear regulatory guidelines for digital assets and cryptocurrency markets.

The bill has been stalled in the upper chamber for over a year despite being approved by the House more than a year ago.

Bessent expressed frustration that Democratic opposition has blocked the measure, characterizing their stance as a political choice rather than a policy disagreement.