US Treasury Secretary Scott Bessent has called on Congress to enact the proposed CLARITY Act, arguing that regulatory uncertainty is undermining America’s position as a leader in digital assets.
Treasury Secretary Bessent Urges CLARITY Act Passage: WSJ
9 April 2026 - 12:00 CEST
By Sandmark staff
In a Wall Street Journal opinion piece published on 9 Apr, Bessent warned that overlapping and inconsistent oversight from multiple regulators is driving innovation overseas. While stablecoin legislation represented progress, he said broader crypto markets still face unclear rules that deter developers, exchanges and investors.
The CLARITY Act would establish clear jurisdictional boundaries between regulators, define when digital assets qualify as securities, and introduce stronger safeguards on custody, disclosure and illicit finance. Bessent framed the bill as essential to building the next generation of blockchain-based financial infrastructure – including tokenized assets and new capital markets – inside the US rather than abroad.
