"Treasury Secretary Scott Bessent called for the Senate Banking Committee to advance the legislation to President Trump's desk, saying that Congress has spent years debating a framework to 'onshore the future of finance.'"
"David Sacks, who championed last year's Genius Act on stablecoins, endorsed Bessent's call, stating that the Clarity Act would provide 'rules of the road' for all other digital assets."
"SEC Commissioner Paul Atkins also joined the push, stating, 'The project is designed so once Congress acts, the SEC and CFTC are ready.'"
Three influential figures in finance and policy are advocating for the swift passage of the Clarity Act, which aims to clarify the regulatory framework for cryptocurrencies in the U.S. Treasury Secretary Scott Bessent emphasized the importance of this legislation for maintaining U.S. leadership in global finance. The Clarity Act seeks to define the boundaries between the SEC and CFTC, establish criteria for tokens as securities, and implement anti-fraud measures. Support from David Sacks and SEC Commissioner Paul Atkins further underscores the urgency of this legislative action.
Read at Bitcoin Magazine
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