🚨 CRYPTO: TREASURY SECRETARY, SEC AND CFTC CHAIRS PUBLICLY DEMAND CONGRESS PASS THE CLARITY ACT
Treasury Secretary
@SecScottBessent called on the Senate Banking Committee to hold a markup and send the CLARITY Act to Trump's desk, saying Congress has spent "the better part of half a decade" trying to onshore digital finance and that "now is the time to act."
SEC Chairman
@SECPaulSAtkins backed Bessent within hours, saying Project Crypto is designed so that once Congress acts, the SEC and CFTC "are ready to implement the CLARITY Act." He called for legislation to "future-proof against rogue regulators" and advance comprehensive market structure rules. CFTC Chairman
@ChairmanSelig echoed both, saying it is time for legislation "that can't be undone by rogue regulators under a new administration."
The coordinated public pressure from all three top financial regulators on the same day is unprecedented for crypto legislation. The CLARITY Act would establish a clear framework dividing digital asset oversight between the SEC and CFTC, a question that has paralyzed US crypto regulation for years.