According to reports<\/a>, Bessent described the situation as urgent, saying “time is scarce, and now is the time to act.” He framed the legislation not just as a financial policy matter but as a national security concern, arguing that economic security and national security are one and the same.<\/p>\n The U.S. Treasury Secretary is weighing in on the push to pass crypto market structure legislation in a new @WSJ<\/a> op-ed.@SecScottBessent<\/a> framed it as a national priority, saying \u201ceconomic security is national security,\u201d and argued the Clarity Act is the cornerstone to bringing\u2026<\/p>\n \u2014 Eleanor Terrett (@EleanorTerrett) April 9, 2026<\/a><\/p>\n<\/blockquote>\n The case for urgency isn’t just political. Data shows that roughly one in six Americans already holds some form of digital asset. Major banks and financial institutions have either launched crypto-related products or applied to do so.<\/p>\n Blockchain technology, according to Bessent, has worked its way into payments, settlements, and the trading of real-world assets at a scale that regulators can no longer ignore.<\/p>\n The global crypto market<\/a> swung between $2 trillion and $3 trillion in value over the past year alone \u2014 a range that reflects both the size and the volatility of the industry. That backdrop gives the push for a regulatory framework added weight, especially as traditional finance continues to wade deeper into the space.<\/p>\n Senator Cynthia Lummis joined Bessent’s call, saying the conditions for passing the CLARITY Act<\/a> are as good as they’ve ever been.<\/p>\n “We have the administration, the momentum, and we’ve made bipartisan progress,” she said. A Senate markup of the bill is expected sometime in April, though similar deadlines have slipped before.<\/p>\n White House Study Adds Fuel To Banking Debate<\/p>\n A White House analysis recently found that the risk of deposit flight from allowing stablecoin rewards is, by its own description, “quantitatively small.”<\/p>\n\n
Adoption Numbers Add Weight To The Push<\/h2>\n
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