Scott Bessent Pushes for Clarity Act Passage to Strengthen Treasury's Sanctions Evasion Response

Scott Bessent, U.S. Treasury Secretary, has stated that he is pushing for the passage of the Clarity Act to strengthen the Treasury Department's ability to respond to sanctions evasion.

According to a report by cryptocurrency-focused media CoinTelegraph on Thursday (local time), Bessent said the Clarity Act would grant the Treasury additional authority to track such evasion activities.

The secretary emphasized that expanding legal powers for the Treasury Department to monitor and address these avoidance tactics is necessary, though he did not specify the exact scope or additional authorities to be granted.