U.S. Treasury Secretary Bescent Announces Clarity Act Nearing Vote

Key Points of the Article

Uses the American football term '1-yard line' to express the proximity of the vote

The bill clarifies the jurisdictional division between the SEC and CFTC

According to a report by Bloomberg on the 21st, U.S. Treasury Secretary Bescent stated that the vote on the cryptocurrency market structure bill 'Clarity Act' is at the '1-yard line,' indicating it is very close to the goal. He used the American football term to emphasize the imminence of the approval.

In his statement, Secretary Bescent urged Congress to pass the bill before going into recess. The cryptocurrency industry has long been in a state of regulatory uncertainty...