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U.S. Treasury Secretary Urges Congress to Quickly Pass the CLARITY Act
The U.S. Treasury Secretary, Scott Bessent, urges Congress to promptly pass the CLARITY Act to provide legal certainty for the crypto industry. In a statement on Wednesday (22/4), Bessent emphasized the importance of this regulation to keep innovation and capital in the United States. "Digital assets will become a very important payment infrastructure for the U.S. economy," he said.
Bessent stressed that without clear rules, the U.S. risks falling behind other countries like Dubai and Singapore. He wants the U.S. not only to lead in technology but also in the global payment system.
"America must lead here. We are the world’s technology leader, we should be the leader in payments worldwide," Bessent asserted.
This move is a continuation of the success of the GENIUS Act, which previously regulated stablecoin usage. With the passage of the CLARITY Act, the U.S. government aims to create an ecosystem that supports local talent growth and attracts significant investments into the domestic market, while also reaffirming the U.S. government’s commitment to integrating blockchain into the national financial system.