BSCN(@BSCNews):OPINION: The CLARITY act will bring more strength to the dollar, not less. It's time regulators moved forward. About 98% of stablecoin value is dollar-denominated, and the BIS argues that lets dollar substitution take hold in unstable economies faster than those governments can respond to it. @SecScottBessent describes the same mechanism as the goal, saying stablecoins expand dollar access for billions and drive demand for Treasuries. He's spent the past two weeks pushing the Senate to pass CLARITY before recess.

2026.08.02 16:13

OPINION: The CLARITY act will bring more strength to the dollar, not less. It's time regulators moved forward. About 98% of stablecoin value is dollar-denominated, and the BIS argues that lets dollar substitution take hold in unstable economies faster than those governments can respond to it. @SecScottBessent describes the same mechanism as the goal, saying stablecoins expand dollar access for billions and drive demand for Treasuries. He's spent the past two weeks pushing the Senate to pass CLARITY before recess.