Scott Bessent Criticizes Coinbase Over CLARITY Act Opposition

Scott Bessent criticized Coinbase for opposing the proposed CLARITY Act, describing the company as "recalcitrant actors," according to a report by Bitcoin News. Bessent said the bill should be passed to support former President Donald Trump’s cryptocurrency policy agenda and to provide regulatory clarity for the digital asset industry. The CLARITY Act is intended to establish clearer rules for digital assets amid ongoing debates about exchange compliance, Bitcoin News reported.