The US Senate will vote on the Clarity Act, and the cryptocurrency industry and banks will lobby for it

US Treasury Secretary Besson urged senators to pass the Bitcoin Clarity Act as soon as possible after the recess, stating that the bill involves national security. （The Bitcoin Historian）

US Treasury Secretary Besson calls on the Senate to pass the Clarity Act on cryptocurrency. （Watcher.Guru）

US Treasury Secretary Scott Besant urged the Senate to push forward with the CLARITY Act after its August recess and warned that if no action is taken, the US will show reluctance to take a leadership role in the future of digital assets.

The US Senate plans to hold a procedural vote on the Clarity Act on September 15th, which proposes to share the regulatory responsibilities of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Crypto industry groups have spent at least $190 million for the November midterm elections and are pushing for the bill to pass. The Independent Community Bankers of America is requesting amendments to the bill to prohibit stablecoin earnings, in order to safeguard the $4.1 trillion lending activities of community banks. The rewards of stablecoins, anti money laundering guarantees, and ethical restrictions have become the focus of controversy. (Source: Decrypt)

US Treasury Secretary Besson calls on the Senate to advance the CLARITY Act and establish a comprehensive regulatory framework for digital assets. Besent stated that failing to push forward with the bill would send a signal to allies and adversaries that the United States is unwilling to lead the future of digital assets, and abandon the enhanced national security tools used to address digital asset abuse. (Source: Bitcoin News)