Treasury Chief Pushes Fast-Track Crypto Rules, Citing Nakamoto
TL;DR
U.S. Treasury Secretary Scott Bessent urged the Senate to immediately pass the Clarity Act, arguing it would strengthen consumer protections and anti-money-laundering rules while providing regulatory certainty for digital-asset markets; he defended protections for decentralized developers and quoted Satoshi Nakamoto. The bill would establish a federal framework for crypto oversight (SEC and CFTC) and could legalize most crypto activity, though its path faces ethics fights and an approaching August recess.
- Treasury Secretary Invokes Bitcoin Creator Satoshi Nakamoto in Plea for Clarity Act Decrypt
- More GOP problems for the Clarity Act Punchbowl News
- Senators ready to send stricter ethics rules on Trump's crypto ventures to White House, sources say CoinDesk
- Crypto’s Clarity Act Faces Longer Odds Despite Industry’s Push Bloomberg.com
- 'The moment to act is now': Solana Policy Institute urges Senate to move on crypto bill as time dwindles The Block
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