U.S. Treasury Secretary Scott Bessent publicly urged the Senate to continue work on the CLARITY Act as lawmakers return from the August recess. According to Bitcoin Magazine, Bessent called on senators to remain at the negotiating table, support a motion to proceed and keep the legislative process moving. The publication said another important Senate step is expected next week.
The CLARITY Act is intended to establish a clearer U.S. market structure for digital assets. Bitcoin Magazine describes the bill as a framework for dividing regulatory responsibility across categories of crypto assets and creating more explicit rules for the sector. The House previously passed its version, but progress in the Senate has been delayed by unresolved policy disagreements.
One major dispute has involved stablecoin yield, where banking groups and crypto companies have taken competing positions. Negotiators have also considered ethics provisions affecting senior government officials and their ability to promote or profit from digital assets. Some Democratic lawmakers have argued that the draft still needs changes, leaving the final structure dependent on further negotiations.
Bessent has framed digital-asset legislation as a question of U.S. competitiveness and national security, but his statement is an administration policy position rather than the outcome of a Senate vote. At the time of the report, the bill had not completed the Senate process, so the next procedural actions and any negotiated amendments remain the material developments to watch.