“I strongly urge everyone to remain at the negotiating table, agree to the motion to proceed, and continue the legislative process,” wrote Bessent in a Wednesday X , warning that failing to pass the bill would send a “troubling signal” about America’s leadership in the digital asset industry.
The Senate is scheduled to return from its August recess next Monday, according to its legislative . The CLARITY Act seeks to establish the first comprehensive regulatory framework for digital assets in the US.
The remarks come a week after the National Sheriffs’ Association to the crypto market structure bill on Sept. 3, changing its position on the bill to “neutral.”
on the CLARITY Act’s passing in 2026 several times over recent months. Now at 10%, that’s set on May 22.
While the CLARITY Act cleared the Senate Banking Committee in May, most Democrats and the banking industry pushed back, arguing that it would allow crypto firms to offer yields on stablecoins without facing the same requirements as banks.
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