0:00
0:00
Subscribe to Bankless or sign in
Treasury Secretary Scott Bessent issued a forceful appeal to crypto stakeholders on Friday, urging the industry to rally behind efforts to deliver long-awaited legislative clarity for digital assets.
What's the Scoop?
- Spring Deadline: Secretary Scott Bessent stressed the importance of passing federal digital asset legislation by spring on CNBC this morning, suggesting crypto CLARITY would provide "great comfort to the market" during its current period of heightened volatility.
- Grave Warning: Bessent warned that the potential for CLARITY passage could collapse if Democrats retake Congress in November, framing the bill as a now-or-never opportunity. He further contrasted crypto's "almost an extinction event" under the Biden administration with President Trump's efforts to make the U.S. the crypto capital of the world.
- Stand United: Bessent criticized crypto players for resisting clarity efforts, proclaiming that those who would “rather have no legislation than this legislation,” stand to undermine broader industry progress.
🇺🇸BESSENT: CLARITY BILL WILL GIVE 'COMFORT' TO THE MARKET
— Coin Bureau (@coinbureau) February 13, 2026
“In a time when we are having one of these historically volatile sell-offs, I think some clarity on the CLARITY bill would give great comfort to the market.” pic.twitter.com/ycxwsWTb9m
