Speaking at a Senate Finance Committee hearing on the 2027 budget, Bessent urged lawmakers to get behind the CLARITY Act and push it across the finish line before August. The House passed the bill last year, but lawmakers have stalled it in the Senate over stablecoin yield provisions, software developer protections, and conflicts of interest related to President Trump's crypto ventures. “It’s very necessary to bring U.S. best practices onshore, and we work tirelessly in terms of custodying these assets and making the US the innovation capital of the world,” Bessent said. Moreover, time is running short. Midterm ... (full story)