TechFlow News, April 9: According to a report by The Wall Street Journal, U.S. Treasury Secretary Scott Bessent published an article on April 8 stating that while the United States has long led in setting global financial market regulatory standards, this leadership position is not guaranteed. He urged Congress to promptly pass the Clarity Act to establish a clear regulatory framework for digital assets.
Citing data, Bessent noted that the global digital asset market capitalization fluctuated between $2 trillion and $3 trillion over the past year; approximately one-sixth of Americans hold some form of digital asset; and blockchain technology’s applications in payments, settlements, and physical asset exchanges continue to expand. He emphasized that cryptocurrencies are no longer niche experiments but rather technologies undergoing widespread global adoption—and that the United States must take proactive steps to maintain its leadership in shaping rules for this domain.
