U.S. Treasury: Passing the Clarity Act is Critical for U.S. Bitcoin and Crypto Sovereignty

Treasury Secretary Scott Bessent emphasized that passing the Digital Asset Market Clarity Act (Clarity Act) is crucial for establishing clear market structure rules for U.S. bitcoin and digital assets before the spring legislative window closes. Bessent noted that recent market volatility underscores the urgent need for this legal certainty to ensure the future viability of digital assets in the U.S. He acknowledged resistance from industry actors preferring the bill fail over compromise on contentious issues like stablecoin yields, but stressed that legislative resolution is better than operating in a legal vacuum. The Treasury's push aligns with the executive branch's goal to position the U.S. as a global leader in crypto regulation, potentially attracting innovation and capital. Separately, Bessent confirmed the U.S. government's policy is to stop selling seized Bitcoin and instead add it to the Strategic Bitcoin Reserve, in line with Executive Order 14233.

(Source：Bitcoin Magazine)