According to Wu Blockchain, U.S. Treasury Secretary Scott Bessent stated that after the CLARITY Act passed the House of Representatives, bipartisan negotiations in the Senate have spanned thousands of hours. The Senate Banking Committee and Agriculture Committee have advanced relevant provisions, and the Republican version is now ready to be submitted for a full Senate vote. He criticized some Democratic lawmakers for obstructing the bill's progress due to political reasons and emphasized that the CLARITY Act does not lack consumer protection or measures to combat illegal financial activities. Chapters 2 and 3 of the bill will substantially enhance regulatory and compliance requirements for digital asset intermediaries, bringing them closer to the standards of traditional financial institutions. Bessent also noted that the Blockchain Regulatory Certainty Act merely reaffirms the Treasury's longstanding policy that non-custodial developers are not required to register under the Bank Secrecy Act. Some law enforcement organizations that previously opposed the bill have now shifted to support it. Bessent urged the Senate to vote on the CLARITY Act immediately. https://(wublock123.com)/news/us-treasury-bessent-criticizes-democrats-blocking-clarity-act-urge-senate-vote-65637