April 8 (Reuters) – U.S. Treasury Secretary Scott Bessent said Congress must pass a bill to create federal rules for digital ‌assets, reiterating the push for rules that he says will ensure ‌cryptocurrency development and investment remain anchored in the U.S.

Bessent urged passage of a crypto ​market structure bill called the Clarity Act.

“The regulatory framework for digital asset markets is unclear,” Bessent said in an op-ed published in the Wall Street Journal on Wednesday, adding that this uncertainty had predictable consequences.

“A growing share ‌of crypto development relocated ⁠to places with clear rules, such as Abu Dhabi and Singapore. Abroad, firms knew when and how to register, ⁠what standards to meet, and how to…