TREE NEWS update: Treasury Secretary Scott Bessent called for passage of the CLARITY Act after the Senate returns, warning that failing to do so would send a “troubling signal” about America’s leadership in the digital asset industry. The crypto market-structure bill has yet to clear the chamber.
Bessent Urges CLARITY Act Passage, Warns of ‘Troubling Signal’
Bessent's intervention matters less for the bill's substance than for the fact that a sitting Treasury Secretary is tying digital-asset market structure to a question of national leadership. That framing puts the Senate's inaction on the record as a geopolitical cost, not just a domestic regulatory delay. The open question is whether the bill's stalled status reflects genuine disagreement over its design or simply the chamber's calendar — and whether the Treasury's public pressure changes either.
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