CoinWorld News reports, citing The Wall Street Journal, that U.S. Treasury Secretary Scott Bessent wrote in an article on April 8 that the United States has long set the regulatory standards for global financial markets, but this leadership is not a given. He urged Congress to pass the Clarity Act as soon as possible to establish a clear regulatory framework for digital assets. Bessent cited data showing that over the past year, the global digital asset market value has fluctuated between $2 trillion and $3 trillion; about one-sixth of Americans hold some form of digital asset, and the application of blockchain technology in payments, settlements, and exchanges of tangible assets continues to expand. He emphasized that cryptocurrencies are no longer niche experiments, but a technology being widely adopted worldwide, and that the United States must take proactive action in order to continue leading the rule-making in this area.