U.S. Treasury Secretary: Congress must pass the "Clarity Act" to establish regulations for digital assets

ME News Report, April 9 (UTC+8), U.S. Treasury Secretary Scott Bessent wrote on April 8 that the United States has long led global financial market regulation standards, but this leadership is not a given. He called on Congress to pass the Clarity Act as soon as possible to establish a clear regulatory framework for digital assets. Bessent cited data indicating that over the past year, the global digital asset market cap has fluctuated between $2 trillion and $3 trillion, about one-sixth of Americans hold some form of digital assets, and blockchain technology’s applications in payments, settlements, and physical asset exchanges continue to expand. He emphasized that cryptocurrencies are no longer niche experiments but widely adopted technologies worldwide, and the U.S. must take proactive steps to continue leading the development of rules in this field. (Source: BlockBeats)