🏛️ U.S. Treasury Secretary Scott Bessent: “It is now time for the Senate to vote on the CLARITY Act.” U.S. Treasury Secretary Scott Bessent stated that the CLARITY Act has been under discussion for over a year, with thousands of hours of bipartisan negotiations and deliberations in both the House and Senate, resulting in a final version ready for immediate voting. He strongly criticized certain Democratic lawmakers for blocking the bill for political reasons. Key points include: ✅ More than a year of deliberation and thousands of hours of bipartisan negotiation ✅ Completed review by the Senate Banking and Agriculture Committees ✅ Only a Senate vote remains He also refuted the Democratic claim that the bill lacks sufficient consumer protection and measures against illicit finance, calling it untrue. Title II and III impose on digital asset intermediaries the same regulatory and compliance obligations as traditional financial institutions. The Blockchain Regulatory Certainty Act (BRCA) merely codifies existing Treasury Department policies for non-custodial developers—it does not grant new privileges. Several law enforcement agencies that previously opposed the bill now support it. Secretary Bessent said: “It is now time for the Senate to vote on the CLARITY Act immediately.” He criticized certain Democratic senators for delaying action out of concern for Senator Elizabeth Warren and the “anti-crypto” camp. Finally, he emphasized that whether the United States maintains global leadership in the digital assets industry hinges on this vote: “The question is simply this: Will the United States lead, or will it not?”
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