US Treasury Secretary Bessent Says CLARITY Act Is Ready for Senate Vote

TLDR

• Scott Bessent urged the Senate to vote now on the CLARITY Act.
• The House passed the CLARITY Act more than a year ago.
• Senate Banking and Agriculture committees advanced parts of the crypto bill.
• Bessent said Titles II and III add compliance duties for digital asset firms.
• Tom Emmer backed Bessent’s call to pass the CLARITY Act now.

U.S. Treasury Secretary Scott Bessent urged the Senate to vote on the CLARITY Act, saying the crypto market structure bill is ready after more than a year of negotiations.

Bessent Calls for Immediate Senate Action

Bessent said the House passed the CLARITY Act more than a year ago, while Senate committees later advanced related titles through Banking and Agriculture. He said Senate Republicans have now produced a floor-ready version that is awaiting a vote.

The Treasury secretary argued that the bill would help keep digital asset activity inside the United States through federal market rules. He said the Senate should act before delays weaken U.S. leadership in the global crypto industry.

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