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U.S. Treasury Secretary: Congress Must Pass the "Clarity Act" to Establish Digital Asset Regulation Rules
ME News report. On April 9 (UTC+8), U.S. Treasury Secretary Scott Bessent wrote on April 8 that the United States has long dominated the global financial market regulatory standards, but this leadership is not a given. He urged Congress to pass the Clarity Act as soon as possible to establish a clear regulatory framework for digital assets. Bessent cited data showing 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 continues to see expanding applications in payments, settlement, and the exchange of physical assets. He emphasized that cryptocurrencies are no longer niche experiments, but a technology being widely adopted worldwide—so the U.S. must take proactive action to continue leading the rule-making in this field. (Source: BlockBeats)