U.S. Treasury Secretary Scott Bessent said he had already urged the Senate in July to advance the Clarity Act. The bill is intended to create a comprehensive regulatory framework for digital assets and strengthen the United States’ ability to prevent bad actors from using related technologies. Bessent said the Senate should remain at the negotiating table after returning from its August recess, reach agreement on a motion to proceed, and continue the legislative process. The remarks focus on keeping the bill alive in the Senate rather than introducing any new policy details. No additional timeline, vote count, or text changes were disclosed in the brief update.
U.S. Treasury Secretary Scott Bessent said he had called on the Senate in July to advance the Clarity Act.
He said the bill is designed to establish a comprehensive regulatory framework for digital assets and improve the United States’ ability to stop bad actors from using related technology.
Bessent also urged the Senate to stay at the negotiating table after the August recess, agree on a motion to proceed, and keep the legislative process moving.
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