Bessent Urges Congress to Approve CLARITY Act Amid Stablecoin Debate
Cointelegraph
US Treasury Secretary Scott Bessent is calling on Congress to urgently pass the CLARITY Act to establish clear digital asset regulations.Summary
US Treasury Secretary Scott Bessent has pressed Congress to pass the CLARITY Act, emphasizing the need for regulatory clarity as the digital asset market reaches $3 trillion. While the House passed the bill in 2025, it faces Senate delays due to disputes over stablecoin yields. Recent White House economic analysis suggests that banning these yields would have a negligible impact on bank lending while causing significant user welfare losses. Additionally, the Treasury has introduced new AML rules for stablecoin issuers to enhance oversight and security in the sector.
(Source：Cointelegraph)