U.S. Treasury Secretary Scott Bessent Urges Congress To Pass Crypto Clarity Act

By Anthony • April 9, 2026 7:06 am •

Is this bullish for crypto?

Or

Just more red tape?

U.S. Treasury Secretary Scott Bessent is urging Congress to pass the Crypto Clarity Act.

In an op-ed in the Wall Street Journal, Bessent has claimed that due to the lack of federal regulations on cryptocurrency, large swaths of crypto development firms have taken their investments to countries such as the UAE and Singapore.

🇺🇸 JUST IN: Treasury Secretary Scott Bessent calls for Congress to pass the Clarity Act to establish clear crypto market regulations and keep the US as the global financial standard, in his WSJ op-ed. pic.twitter.com/XkmFokGSbP

— Cointelegraph (@Cointelegraph) April 9, 2026

Reuters had the full scoop:

U.S. Treasury Secretary Scott Bessent said