US Treasury Secretary Besson calls on Senate to pass cryptocurrency Clarity Act

On September 9th, US President Trump stated that the war against Iran is expected to end after the November midterm elections and accused Iran of trying to influence the election results to support weak candidates. Trump believes that oil prices will sharply decline after the end of the war, but the time required for oil prices to fall is longer than in the midterm elections. Trump made the above statement while preparing to attend the Republican midterm election rally in Dallas at Andrews Joint Base, but his trip was delayed due to the emergency slide of Air Force One being lowered. (Source: CCTV International News)

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)