Besant: Congress must pass the Clarity Act to establish rules for regulating digital assets

U.S. Treasury Secretary Scott Bessent wrote that the United States has long dominated global financial market regulatory standards, but this leadership position is not taken for granted. He called on Congress to pass the Clarity Act as soon as possible to establish a clear regulatory framework for digital assets. Besent quoted data as saying that the global market value of digital assets has fluctuated between US$2 trillion and US$3 trillion in the past year. About one-sixth of Americans hold some form of digital assets. Blockchain technology is used in payment, settlement and physical asset exchange. Applications continue to expand. He emphasized that cryptocurrency is no longer a niche experiment, but a technology that is being widely adopted around the world. The United States must take the initiative to continue to lead the formulation of rules in this field.