Treasury Secretary Bessent Urges Congress to Pass Crypto Clarity Act
Treasury Secretary Scott Bessent stated there will be no central bank digital currency and called on lawmakers to advance the Clarity Act to attract digital assets to the United States.
jpost.comTreasury Secretary Scott Bessent said there will be no central bank digital currency under the current administration. He added that the most important step is to bring digital assets into the United States and make the country their home.
Bessent urged both the House and the Senate to complete work on the Clarity Act. He told reporters the legislation would provide regulatory certainty for digital asset markets.
The statements come as lawmakers consider new rules for cryptocurrency trading and custody. Bessent framed the Clarity Act as a priority for attracting investment and innovation. S. " >"I would encourage the House and the Senate to get Clarity done," he added.
Key Facts
Potential Impact
- 01
Digital asset firms could gain clearer U.S. regulatory framework.
- 02
Congress may schedule votes on the Clarity Act in coming weeks.
Transparency Panel
Related Stories
Financial TimesRomania Expels Russian Consul General After Drone Strike
Romania ordered the expulsion of Russia's Consul General in Constanta and closed the consulate after a drone struck an apartment building in Galati, injuring two people. NATO and Romanian officials condemned the incident as reckless escalation.
fortune.comHouse Republicans stall on immigration enforcement funding bill
A roughly $70 billion measure to fund immigration enforcement through the end of President Donald Trump's term stalled in the House. Progress halted over White House ballroom security funding and a proposed $1.8 billion fund for government-mistreatment claims.
techjuice.pkCanada Seeks 50 Percent Rise in Exports to China by 2030
Foreign Minister Anita Anand stated the export target during a visit by her Chinese counterpart to Ottawa. The announcement comes amid U.S. tariffs that have altered trade patterns.