Scott Bessent Says CLARITY Act Key to Winning the Global Crypto Race: 'I Will Not Hesitate to Use…'
Treasury Secretary Scott Bessent endorses the final CLARITY Act draft on Monday, stressing its importance for U.S. leadership in digital assets. Bessent Says CLARITY Supports Community Banks Bessent argued that the legislation is essential to ensuring America “wins the global race for new technology.” He said the final draft gives the Treasury Secretary new authority to impose measures if stablecoins drive substantial deposit outflows from community banks. “Community banks are essential to U.S. economic performance and Main Street growth,” Bessent added. “I will not hesitate to use these tools to ensure they remain fully protected.” I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.… — Treasury Secretary Scott Bessent (@SecScottBessent) September 14, 2026 Bessent has repeatedly urged senators to advance the CLARITY Act with bipartisan support. He has warned that inaction could send a “troubling signal” to allies and adversaries that the U.S. isn’t ready to lead the
S. leadership in digital assets. ” He said the final draft gives the Treasury Secretary new authority to impose measures if stablecoins drive substantial deposit outflows from community banks. S.
economic performance and Main Street growth,” Bessent added. ” I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. … — Treasury Secretary Scott Bessent (@SecScottBessent) September 14, 2026 Bessent has repeatedly urged senators to advance the CLARITY Act with bipartisan support. S.
isn’t ready to lead the future of cryptocurrencies and blockchains. Sen. ) quotes Bessent’s post, stating, “Congress has an opportunity to ensure America leads the future of digital finance. ” The CLARITY Act gives digital assets clear rules of the road, protects consumers, and keeps innovation and jobs in America.
Congress has an opportunity to ensure America leads the future of digital finance. Let’s get this done. — Senator Katie Boyd Britt (@SenKatieBritt) September 14, 2026 Read Also: CLARITY Act Failure Would Be 'The Worst Outcome,' Bernstein Says How Long Before We Get CLARITY? The CLARITY Act still doesn’t have bipartisan consensus, with Senate Democrats reportedly preparing a counterproposal to the GOP’s final offer.
Sen. ” Sen. ), however, dismissed the final text as a “weak fig leaf” that does nothing to stop President Donald Trump’s cryptocurrency profiteering. The bill still needs 60 votes, meaning all voting Republicans plus at least seven Democrats.
Polymarket currently places the CLARITY Act’s passage odds at 19%. 10% in the last 24 hours, according to data Pro. 5 Million 'Bride Fee' After Marriage Plans Collapse: 'The Engagement Could No Longer Proceed' Photo Courtesy: 1 Andrew Thomas 1 on Shutterstock