Trending Now - Treasury Secretary Advocates for CLARITY Act to Support Crypto

WHO:

NewsBTC - Treasury Secretary Scott Bessent urged Congress to pass the CLARITY Act.

Cointelegraph - Trump claims he can ‘future proof’ crypto regulation with the CLARITY Act.

WHAT:

NewsBTC - The CLARITY Act aims to provide the crypto industry with a regulatory framework and clarity regarding the classification of digital assets.

NewsBTC - Bessent stated, “The most important thing we can do is to make digital assets come into the United States. Make the US the home.”

NewsBTC - Bessent described the current environment for digital assets outside the US as the “wild, wild west.”

NewsBTC - The Senate Banking Committee approved its portion of the CLARITY Act earlier this month.

NewsBTC - The Agriculture Committee successfully voted on its version of the CLARITY Act in January.

NewsBTC - The CLARITY Act must clear a full Senate vote and complete legislative reconciliation steps before moving to the President’s desk.

NewsBTC - Bessent stated, “There will be no Central Bank Digital Currency. That would be the first step toward tracking. We took that off the table.”

WHERE:

NewsBTC - Bessent made remarks at the White House.

WHY:

NewsBTC - Bessent argued that much of the confusion and controversy surrounding crypto stems from a lack of clear rules when the activity is happening offshore.

HOW:

NewsBTC - Bessent urged lawmakers to “get CLARITY Act done.”

(UPDATED May 28, 2026 23:26 UTC)

Treasury Secretary Scott Bessent is urging Congress to pass the CLARITY Act, which aims to provide the crypto industry with a clear regulatory framework and classification for digital assets. Speaking at the White House, Bessent emphasized the importance of making the U.S. a home for digital assets, describing the current environment outside the country as the “wild, wild west.” He also reassured that there will be no Central Bank Digital Currency, stating that this would lead to tracking, and he called on lawmakers to “get CLARITY Act done.”