Treasury chief urges Senate to advance CLARITY Act

U.S. Treasury Secretary Scott Bessent is urging the Senate to move forward on the CLARITY Act when lawmakers return from the August recess, warning that inaction would signal America is "unwilling to lead on the future of digital assets."

The push adds high-level administration pressure behind the market-structure bill ahead of an expected Senate vote, which SEC Chair Paul Atkins previously said could come as soon as September 15. It follows calls from Senator Cynthia Lummis and doubts from Chainlink's legal chief over the bill's path given a shortened September legislative calendar.