US Treasury's Bessent urges Congress to pass the Crypto…

Treasury Secretary Scott Bessent has called on Congress to pass the Crypto Clarity Act, framing regulatory clarity as the single most important lever for drawing digital asset activity into the United States. "The most important thing we can do is make digital assets come into the United States," Bessent said.

The statement marks a notable shift in tone from the Treasury, which has historically taken a cautious stance on crypto legislation. A sitting Treasury Secretary publicly lobbying Congress for a specific crypto bill signals that the administration views digital asset competitiveness as a macro-level priority, not merely a financial-stability footnote.

The Crypto Clarity Act aims to establish clear jurisdictional lines between the SEC and CFTC over digital assets — the regulatory ambiguity that has driven several major crypto firms to relocate operations offshore in recent years.