US Treasury Secretary Scott Bessent attended a Senate Appropriations Committee hearing and urged Congress to pass the cryptocurrency market structure bill (Clarity Act). According to U.Today, he said, "The United States must play a leading role in the Bitcoin and cryptocurrency sector. In the financial world, whether it's the banking system, securities, or now cryptocurrencies, it is very important for the US to play a leading role for various reasons. If that happens, all other countries will follow," he emphasized, adding, "US leadership in the cryptocurrency sector is essential to maintaining the global hegemony of the dollar."