U.S. Treasury Says U.S. ‘Will Win in the Digital Asset Stack’ as Clarity Act Stalls
By Micah Zimmerman
AI summary of the source article
U.S. Treasury Secretary Scott Bessent stated that American leadership in digital assets could reinforce the dollar's global position. Following the stall of the CLARITY Act, Bessent indicated the Treasury could collaborate with the SEC and CFTC on regulatory gaps.
Why it matters
Bessent said that "American leadership in digital assets could reinforce the dollar’s global position, even as Congress has stalled on the market-structure legislation meant to govern them."
Key facts
- The digital asset CLARITY Act failed a Senate procedural vote 49 to 50 on September 15.
- The Comptroller of the Currency finalized rules under the GENIUS Act for payment stablecoin issuers, taking effect January 18, 2027.
- Treasury Secretary Bessent said Treasury could work with the SEC and CFTC to set guardrails preventing banks from debanking crypto firms.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine U.S. Treasury Says U.S. ‘Will Win in the Digital Asset Stack’ as Clarity Act Stalls Treasury Secretary Scott Bessent said that U.S. leadership in digital assets could reinforce the dollar’s global reach even as the stalled CLARITY Act leaves regulators to fill the gap. This post U.S. Treasury Says U.S. ‘Will Win in the Digital Asset Stack’ as Clarity Act Stalls first appeared on B…