U.S. Treasury Secretary Scott Bessent urged the Senate to pass the Clarity Act upon returning from recess in September, after a vote originally scheduled for August was delayed. This bill aims to establish a regulatory framework for digital assets by distinguishing between securities, commodities and stablecoins. Passed by the House of Representatives last year, it has been stalled in the Senate due to disputes over stablecoin yield and ethical concerns about officials’ ties to cryptocurrency. President Trump also supports the legislation to maintain U.S. leadership in Bitcoin and crypto.
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