US Treasury Secretary Scott Bessent believes stalling the CLARITY bill destroys investor optimism. In a CNBC interview, he stated the document needs immediate adoption while the political landscape permits it.
Market Demands Clarity
The crypto sector is experiencing one of the largest sell-offs in history. According to Bessent, current uncertainty only fuels panic, and approving a clear market structure would give traders and companies the necessary confidence to reverse the downtrend.
The bill stalled due to disputes with crypto business representatives, but the Secretary insists that without a legislative framework, exiting the crisis will be difficult.
“Delaying now works against everyone,” he stated.
Deadline
The main threat to the document is the 2026 midterm elections. Bessent acknowledges that Democrats could regain control of the House of Representatives. Such an outcome would lead to a complete collapse of the regulatory deal. A chance to reach an agreement exists only with the current balance of power.
The administration sets strict deadlines. The final version of the law must land on Donald Trump’s desk for signature this spring — between late March and June.
“Moving the discussion to 2027 will effectively bury hopes for market legalization in the near future,” Bessent concluded.
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