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Russia enacts legislative framework for cryptocurrency regulation and cross-border payments
Watcher GuruLO·RU·about 8 hours ago
Treasury Secretary Scott Bessent stated that the Crypto Clarity Act is nearing finalization and urged Congress to expedite its passage. The statement indicates a shift toward formalizing the regulatory framework for digital assets, though the specific timeline for a floor vote remains subject to legislative negotiation.
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The Crypto Clarity Act is nearing finalization, as confirmed by Treasury Secretary Bessent, indicating a shift towards formalizing digital asset regulation. The White House is lobbying Senate Democrats to support a legislative package combining this act with an ethics agreement, though the sufficiency of bipartisan support for passage remains unclear.