Bessent Slams CLARITY Act Critics, Demands Senate Action Now

Treasury Secretary Scott Bessent defended the CLARITY Act, rejecting claims that the bill weakens consumer protections and urging the Senate to hold a vote immediately. Simultaneously, the Consumer Technology Association, representing over 1,300 companies, renewed its push for Senate approval following bipartisan committee action. Lawmakers are currently addressing revised ethics provisions and other disputes before the legislation can proceed to a floor vote to establish new U.S. crypto regulation standards.