🔥U.S. Treasury Secretary Calls on Congress to Pass the "Clear Act" to Establish Digital Asset Regulatory Rules

According to The Wall Street Journal, U.S. Treasury Secretary Janet Yellen wrote on April 8 that the United States has long led global financial market regulation standards, but this leadership is not guaranteed. She urges Congress to quickly pass the "Clear Act" to establish a clear regulatory framework for digital assets. Yellen cited data indicating that over the past year, the global market capitalization of digital assets has fluctuated between $2 trillion and $3 trillion, with about one-sixth of Americans holding some form of digital assets. The application of blockchain technology in payments, settlements, and physical asset exchanges continues to expand. She emphasized that cryptocurrencies are no longer niche experiments but are widely adopted worldwide. The U.S. must take proactive steps to continue leading the development of rules in this field.