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Bessent says Clarity Act cannot be delayed, urges immediate Senate vote

U.S. Treasury Secretary Scott Bessent urged the Senate to hold an immediate vote on the Clarity Act, a digital asset market structure bill. He said Democrats are delaying for political reasons and warned the United States could lose leadership without clear rules. Bessent defended the bill’s consumer protection and anti-illicit finance provisions and backed a clause codifying Treasury policy on decentralized developers. Negotiations remain stalled over ethics provisions.

Crypto

U.S. Senate Republicans move CLARITY Act to floor, with 60 votes biggest hurdle

U.S. Senate Republicans are moving quickly to bring the cryptocurrency market structure bill known as the CLARITY Act to the Senate floor as early as this week, but securing the 60 votes needed for final passage remains the biggest obstacle. The next step hinges on whether Majority Leader John Thune will initiate cloture. Democrats have raised concerns about ethics rules and DeFi, while Republican unity is not assured.

Crypto

U.S. police union backs Clarity Act revision, Coinbase urges Senate to take position

A large U.S. law enforcement organisation has publicly backed the latest revision to the Clarity Act, prompting Coinbase to press the Senate to clearly state whether it supports the amendment. Coinbase Chief Legal Officer Paul Grewal called for a public position after the Fraternal Order of Police declared support. The group said the revised bill reflects its concerns while preserving enforcement powers to investigate crypto-related crime.