Bessent Urges Swift Passage of CLEAR Act to Cement US Crypto Leadership

CLEAR Act is the Key to America's Crypto Future

In a recent Fox interview, Scott Bessent emphasized the critical importance of passing the CLEAR Act this spring. He noted that the U.S. cannot move forward without a defined market structure, and clear regulatory frameworks are essential for the growth of the crypto industry.

Alignment Between Industry and Regulation

Bessent stated that banks and crypto companies share aligned objectives. The only barrier to progress is a small group that prefers operating without rules rather than embracing clear regulations.

A Global Leadership Role for America

He further pointed out that under President Trump’s leadership, the U.S. has the opportunity to become the global hub for cryptocurrencies. However, this goal can only be achieved with clear regulatory measures and policy support in place.