Treasury Secretary Scott Bessent Urges Congress to Pass Crypto Market Structure Bill

In a pressing appeal, US Treasury Secretary Scott Bessent is urging lawmakers to expedite the passage of legislation aimed at defining the framework for the cryptocurrency market. With the cryptocurrency industry hanging in the balance, Bessent emphasizes that the window of opportunity for providing clear regulatory guidelines is rapidly narrowing, as the CLARITY Act languishes in the Senate due to an ongoing impasse between banking institutions and prominent figures in the crypto sector.