Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto
On Thursday, Treasury Secretary Scott Bessent urged Congress to pass the CLARITY Act, a bill that would provide the crypto industry with a regulatory framework and the long-awaited clarity it needs regarding the classification of digital assets. Bessent Presses Lawmakers To Pass The CLARITY Act In remarks at the White House, Bessent emphasized that the goal of the CLARITY Act should be to bring digital assets into the US rather than letting activity remain largely offshore. He said: The most important thing we can do is to make digital assets come into the United States. Make the US the home. I would encourage the House and the Senate to get Clarity done. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard Chartered Still Expects $40,000 By 2030 Bessent’s comments also targeted what he called the “wild, wild west” environment for digital assets outside the US. He argued that much of the confusion and controversy surrounding crypto stems from a lack of clear rules when th