Scott Bessent urges Senate to advance Clarity Act after August recess

  • Scott Bessent urged the Senate to advance the Clarity Act after its August recess.
  • July was when Bessent called for Senate action on the digital-asset legislation.
  • The bill aims to establish comprehensive rules and strengthen defenses against illicit technology use.

Scott Bessent urged the Senate to resume negotiations after its August recess and advance the Clarity Act, which is intended to establish a comprehensive regulatory framework for digital assets. He said the legislation would also improve the United States' ability to prevent illicit actors from exploiting related technology. Bessent had called on the Senate to move the bill forward in July and now urged lawmakers to reach agreement on a motion to advance the legislative process.

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