Treasury Secretary Scott Bessent urges Congress to pass crypto Clarity Act for digital asset growth

May 28, 2026, 6:49:10 PM UTC(1 hour ago)
Impact: Medium
Treasury Secretary Scott Bessent urges Congress to pass crypto Clarity Act for digital asset growth

Affected Assets

  • The proposed Digital Asset Market Clarity Act of 2025 aims to establish a comprehensive federal rulebook for the cryptocurrency industry
  • The legislation seeks to resolve long-standing jurisdictional disputes by dividing oversight responsibilities between the SEC and the CFTC
  • Secretary Bessent emphasized that clear regulations are essential to attract digital asset innovation and capital back to the United States
  • The bill includes specific provisions for regulating stablecoins and decentralized finance protocols to ensure market stability
  • Market analysts suggest the move could end years of regulatory uncertainty that has driven many crypto firms to operate offshore

Sources

JUST IN: 🇺🇸 US Treasury Secretary Bessent calls on Congress pass crypto Clarity Act. "The most important thing we can do is make digital assets come into the United States." https://t.co/LdNHfKWUdt
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