CLARITY Act Accelerates! Scott Bessent Firmly States: Disagree? You Can Move to El Salvador

February 6 News, U.S. Treasury Secretary Scott Bessent recently sent a strong signal on cryptocurrency regulation during a Senate hearing. He stated that without clear rules, the market will be “difficult to operate,” and publicly supported the ongoing CLARITY Act. When asked about opponents, he straightforwardly said, “Those who can’t adapt to the rules can move to El Salvador,” demonstrating a firm stance and highlighting the urgency among U.S. regulators to legislate on digital assets.

The CLARITY Act is seen as an important framework for regulating digital assets in the United States, aiming to clarify the legal status and compliance boundaries for cryptocurrencies including Bitcoin and stablecoins. For a long time, regulatory uncertainty has made it difficult for companies to plan strategically and has exposed investors to legal risks. Bessent’s remarks indicate that the Treasury Department is pushing to move from the “gray area” toward institutionalized regulation.

On the Senate side, Senator Cynthia Lummis continues to advocate for crypto legislation. In media interviews, she emphasized that Congress aims to create a predictable environment for the market through clear digital asset regulations. She even proposed exploring the possibility of using U.S. gold reserves to purchase Bitcoin, showing that serious discussions are underway about integrating cryptocurrencies with the traditional financial system.

Despite ongoing support, the progress of the CLARITY Act still faces industry resistance. Some companies worry that clauses related to stablecoin yield structures and compliance thresholds could squeeze profit margins or limit innovation. These disagreements are slowing down negotiations but have not changed the regulatory direction.

From a policy perspective, Bessent’s message is very clear: the U.S. is accelerating the development of a unified crypto regulatory framework. If the bill ultimately passes, investors will have clearer rules, stablecoin projects will be able to define compliance paths, and developers can operate within a predictable environment. For the entire crypto market, this could be a significant step toward mainstream financial integration.