Crypto: Treasury Secretary, SEC and CFTC chiefs urge Congress to pass the CLARITY Act

U.S. Treasury Secretary @SecScottBessent urged the Senate Banking Committee to move to a markup and advance the CLARITY Act to President Trump's desk, arguing Congress has spent "the better part of half a decade" trying to bring digital finance onshore and that "now is the time to act." SEC Chairman @SECPaulSAtkins voiced support within hours, saying Project Crypto is built so that once Congress acts, the SEC and CFTC "are ready to implement the CLARITY Act." He called for legislation that would "futureproof against rogue regulators" and enable comprehensive market structure rules. CFTC Chairman @ChairmanSelig struck a similar note, saying it is time for legislation "that can't be undone by rogue regulators under a new administration." The same-day, coordinated public push from the heads of Treasury, the SEC and the CFTC is unprecedented in the context of crypto legislation. The CLARITY Act would set out a clear framework for splitting digital-asset oversight between the SEC and the CFTC, a jurisdictional dispute that has stalled U.S. crypto regulation for years.