BlockBeats News, February 14 — U.S. Treasury Secretary Scott Bessent stated that, amid the ongoing market downturn, advancing the CLARITY Act could help improve market sentiment.
Bessent said in an interview with CNBC on Friday that concerns among crypto industry executives have hindered the progress of the CLARITY Act, negatively impacting the industry. He stated, “During this historic sell-off, I believe that if we can clarify the direction of the CLARITY Act, it will greatly boost market confidence, and we can move forward based on that.”
However, Bessent added, “If the Democrats take control of the House, which is not what I expect, then the prospects for reaching an agreement will be completely dashed.”
Bessent noted that, considering the potential shift in power from the 2026 midterm elections, it is crucial to push the bill through “as soon as possible” and have it signed by President Trump before the U.S. spring (late March to late June).
According to data from the U.S. House of Representatives, the Republican Party currently holds a narrow majority with 218 seats to the Democrats’ 214.
On Polymarket, 47% of traders believe that the 2026 midterm elections will result in a “divided Congress,” with each party controlling one chamber.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spot Brent crude oil surges past $140, hitting a “new high in since 2008”#! The ongoing blockade of the Strait of Hormuz triggers a supply-chain crisis
Due to the blockade of the Hormuz Strait, the spot price of Brent crude oil has surged past $140, reaching a new high since 2008 and triggering global inflation pressures. Tight spot supplies have led to fierce competition among refiners, causing oil prices to continue rising, which could further impact the overall economy and central banks' monetary policies.
動區BlockTempo32m ago
Bitcoin Think Tank recommends that Taiwan’s foreign exchange reserves include 5% BTC; if that happens, it would suddenly make Taiwan the world’s largest holder.
A recent report from Bitcoin Think Tank recommends that Taiwan allocate 1–5% of its foreign exchange reserves to Bitcoin to address geopolitical and economic risks. Although the Central Bank of Taiwan previously refused to do so due to high volatility and regulatory risk, the report argues that Bitcoin could increase the flexibility and resilience of Taiwan’s reserves, giving Taiwan more options when facing uncertainty.
ChainNewsAbmedia54m ago
Ethereum Derivatives Flooded With $1B in Sells as Markets React to Trump
Several crypto assets declined on Friday after Donald Trump’s speech triggered panic across global markets. Defying expectations for restraint, Trump outlined plans for potential military action against Iran over
CryptoPotato1h ago
Spot Brent crude oil breaks through $140 per barrel, hitting a new high since 2008
On April 2, the spot price of Brent crude oil broke through $140 per barrel, reaching the highest level since 2008, mainly due to a shutdown of the Strait of Hormuz that disrupted global oil supply. This supply crisis put refineries under immense pressure, driving a sharp rise in crude oil prices over a short period of time.
GateNews2h ago
Trump: Iran should reach an agreement as soon as possible, or it will be too late
Gate News message: On April 2, U.S. President Donald Trump said that Iran is at the point where it should reach an agreement to avoid it being too late.
GateNews2h ago
DAO Legal Status Gains Ground in the U.S. Following New State Approval
_U.S. DAO adoption expands as Alabama grants legal status and liability protections to decentralized nonprofit entities._
The US state of Alabama has signed a new bill that introduces a structure for decentralized nonprofit groups operating with smart contracts. Lawmakers aim to give clarity to
LiveBTCNews2h ago
