Secretary Scott Besant warned that failure to pass the Clarity Act would send a “distressing signal” about America’s leadership in the digital assets industry.
US Treasury Secretary Scott Bessant urged lawmakers to pass the Digital Asset Market Clarity (CLARITY) Act when the Senate returns from its August recess next week.
“I strongly urge everyone to stay at the negotiating table, agree to the motion to move forward, and continue the legislative process,” Besant wrote in Wednesday’s X. postWarning that failure to pass the bill would send a “distressing signal” about America’s leadership in the digital assets industry.
The Senate is scheduled to return from its August recess next Monday as part of its legislative session schedule. The Clarity Act seeks to establish the first comprehensive regulatory framework for digital assets in the United States.
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