U.S. Treasury Secretary: Congress Must Pass <i>Clarity Act</i> to Establish Digital Asset Regulatory Rules

BlockBeats News, April 9th. According to The Wall Street Journal, U.S. Treasury Secretary Scott Benton wrote on April 8th that the United States has long been the dominant force in setting global financial market regulatory standards, but this leadership position is not guaranteed. He urged Congress to expeditiously pass the Clarity Act to establish a clear regulatory framework for digital assets.

Benton cited data indicating that over the past year, the global market capitalization of digital assets has fluctuated between $20 trillion and $30 trillion, with approximately one-sixth of Americans holding some form of digital assets. The application of blockchain technology in payment, settlement, and real asset exchange continues to expand. He emphasized that cryptocurrency is no longer a niche experiment but a widely adopted global technology. The United States must take proactive steps to maintain its leadership in shaping the rules of this field.