U.S. Treasury Secretary Bessent urges Senate to advance the CLARITY Bill

iconKuCoinFlash
Share
AI summary iconSummary
U.S. Treasury Secretary Scott Bessent urged the Senate to advance the CLARITY Act, a bill focused on digital asset regulation and the CFTC. He emphasized the importance of continued discussions and procedural votes, warning that delays could undermine U.S. leadership and national security. The legislation aims to establish a clear regulatory framework while enhancing tools to prevent the misuse of digital assets.

Odaily Planet Daily reports: U.S. Treasury Secretary Scott Bessent posted on X that he urged the Senate in July to advance the CLARITY Act, which aims to establish a comprehensive regulatory framework for digital assets and enhance the ability to prevent bad actors from exploiting related technologies.

He urged all parties to continue engaging in negotiations and to agree to the motion to proceed with the bill’s consideration as the Senate resumes after its August recess, to keep the legislative process moving forward. Failure to advance would send a signal to U.S. allies and adversaries that America is unwilling to lead on the future of digital assets, while also意味着 abandoning tools to strengthen national security and combat the misuse of digital assets.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.