The U.S. Treasury Secretary urges Congress to pass the "Clarity Act" and establish a regulatory framework for digital assets

Gate News update: On April 9, U.S. Treasury Secretary Scott Bessent, in a letter written on April 8, called on Congress to pass the Clarity Act as soon as possible to establish a clear regulatory framework for digital assets. Bessent said the United States has long set the regulatory standards for global financial markets, but this leadership position is not guaranteed; the country must proactively act to continue leading in rulemaking.

Citing data, Bessent noted that the global market value of digital assets has fluctuated between $2 trillion and $3 trillion over the past year. About one-sixth of Americans hold some form of digital asset, and the application of blockchain technology in payments, settlements, and exchanges of real-world assets continues to expand. He emphasized that cryptocurrencies are no longer a niche experiment, but a technology being widely adopted worldwide.

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