Bessent: CLARITY Act needed to expand Treasury's powers to combat sanctions evasion
- —Bessent linked the passage of the CLARITY Act to expanding Treasury's sanctions powers
- —The law would give the agency more tools to track sanctions evasion
- —Details of the new powers and their scope were not disclosed
Why it matters: A new argument in favor of the CLARITY Act could influence the Senate vote and the regulation of the US crypto market.
Source: Bloomingbit