Crypto Investor Confidence Expected to Improve with CLARITY Act Passage, Says Bessent
According to the U.S. Treasury Secretary, the stalling of the CLARITY market structure bill could diminish its chances of being passed after the 2026 midterm elections.
Delaying the passing of the CLARITY act until 2027, after the US midterm elections, could significantly hurt its prospects of becoming law, said Treasury Secretary Scott Bessent during a Friday interview.
“During a period of extreme market volatility, having clarity regarding the CLARITY bill would greatly reassure the market, helping it progress from this tumultuous state.”
Bessent expressed concerns that if Democrats take control of the House of Representatives, the prospects for passing the bill could completely collapse.
The Stakes of the 2026 Midterms
The 2026 midterm elections could drastically alter the political landscape, prompting significant implications for Trump’s initiatives around cryptocurrency and blockchain.
47% of traders on the prediction market Polymarket forecast that control will be split in the upcoming midterms, with each party likely taking one chamber.
Related articles discuss the potential shifts in policy depending on the election outcomes, which can impact future regulations surrounding cryptocurrency.
