In July, I called on the Senate to advance the Clarity Act — a bill to establish a comprehensive regulatory framework for digital assets and upgrade our ability to prevent bad actors from exploiting these critical technologies. When the Senate returns from August recess, I strongly urge everyone to remain at the negotiating table, agree to the motion to proceed, and continue the legislative process. Failing to do so would send a troubling signal to our allies and adversaries alike that America is unwilling to lead on the future of digital assets and willing to forgo enhanced national security tools to combat their misuse.

Scott Bessent urges the Senate to continue legislative progress on the Clarity Act, a bill aimed at establishing a regulatory framework for digital assets. He warns that inaction would signal American unwillingness to lead in digital asset development and national security.