Bessent urges Congress to pass Digital Asset Market Clarity Act

Treasury Secretary Scott Bessent has called on Congress to pass the Digital Asset Market Clarity Act of 2025 before the upcoming recess. The bill would define federal oversight for digital assets by splitting jurisdiction between the SEC and the Commodity Futures Trading Commission.

The House passed the Clarity Act with broad support. The Senate Banking Committee advanced it in May 2026. Bessent said limited Senate floor time makes swift action necessary, echoing his earlier push for urgency on the legislation.

Full Senate approval is still needed, followed by House-Senate reconciliation and the president's signature. Whether Senate Majority Leader Chuck Schumer schedules a vote will be the next concrete signal. Prediction market pricing has shifted to reflect a higher probability of passage, data from Vera show.