Bessent Warns Senate: Pass CLARITY Act or Lose Crypto Security Tools

U.S. Treasury Secretary Scott Bessent has urged the Senate to move forward on the CLARITY Act, warning that failure would send a damaging signal about America's willingness to lead on digital assets.

The call came five days ahead of a critical Sept. 15 cloture vote, which is not a vote on the bill itself but rather a procedural step needed for it to advance.

Bessent framed the CLARITY Act as a national security instrument, not just a market regulation bill, and warned that walking away would signal that the U.S. is 'willing to forgo enhanced national security tools to combat their misuse.'

He made this warning on X, where his post drew over 723,000 views and 16,400 likes within hours.