According to a report by Cointelegraph, U.S. Treasury Secretary Scott Bessent published an article in The Wall Street Journal, urging Congress to swiftly pass the Clarity in Digital Asset Markets Act (CLARITY Act) to establish clear regulatory rules for cryptocurrencies, tokenized assets, and decentralized exchanges. He warned that the global cryptocurrency market has reached a size of $3 trillion, putting the United States’ leadership in financial innovation to the test. With limited time on the Senate’s agenda, legislative action cannot be delayed. The bill was passed by the House of Representatives in July 2025 but has been stalled in the Senate due to disagreements over the regulatory classification of stablecoin yields. A report from the White House Council of Economic Advisers indicates that banning stablecoin yields would have a minimal impact on bank loans, increasing them by only about $2.1 billion, but would result in an annual welfare loss of approximately $8 billion for users. Additionally, the Treasury Department has proposed new regulations under the GENIUS Act, requiring stablecoin issuers to establish anti-money laundering compliance systems and granting them the authority to freeze or intercept specific transactions.