Key Takeaways:

• U.S. Treasury Secretary Bessent urges Congress to pass the Clarity Act, citing a multi-trillion-dollar digital asset market.
• SEC and CFTC jurisdiction gaps create uncertainty, pushing firms toward Singapore and Abu Dhabi.
• Clarity Act would define securities rules and compliance paths, shaping future U.S. crypto leadership.

Clarity Act Push Highlights Fragmented Crypto Oversight Risks

A call for comprehensive digital asset legislation is gaining visibility as U.S. Treasury Secretary Scott Bessent outlined the need for clearer rules in a Wall Street Journal opinion piece published April 8. Momentum accelerated on April 9 as regulators and lawmakers amplified his position publicly. Bessent argued Congress must advance the…