U.S. Treasury Secretary Yellen: Congress must pass the "Clear Act" to establish regulations for digital assets

DeepFlowTech · 2026-04-09T03:20:16+00:00

U.S. Treasury Secretary Bessent urged Congress to pass the “Clarity Act” as soon as possible to establish a regulatory framework for digital assets. He noted that digital assets have been widely adopted, and the U.S. needs to proactively lead the development of relevant rules to maintain its leading position in global financial markets.

DeepFlowTech

2026-04-09 03:20:16

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Deep Tide TechFlow message, April 09, according to The Wall Street Journal, U.S. Treasury Secretary Scott Bessent wrote in an article on April 8 that while the United States has long set the regulatory standards that govern global financial markets, that leadership position is not a given. He urged Congress to pass the Clarity Act as soon as possible to establish a clear regulatory framework for digital assets.

Citing data, Bessent said that over the past year the global digital-asset market value has fluctuated between $2 trillion and $3 trillion, and about one-sixth of Americans hold some form of digital asset. He added that blockchain technology continues to see expanding applications in payments, settlement, and the exchange of real-world assets. He emphasized that cryptocurrencies are no longer a niche experiment, but rather a technology being widely adopted around the world, and that the United States must take initiative in order to continue leading the rulemaking in this field.

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