US Treasury Secretary Bessent calls for approval of the CLARITY Act.

• Project Clarity seeks to regulate cryptocurrencies in the US.
• Scott Bessent urges Congress to act quickly.
• The 2026 elections are putting pressure on the approval of the law.

U.S. Treasury Secretary Scott Bessent stated that the passage of the CLARITY bill could improve sentiment surrounding cryptocurrencies at a time of economic contraction and market caution.

According to him, the lack of clear definitions regarding the regulatory structure of the sector has weighed heavily on investors and companies in the segment. For Bessent, the consolidation of rules in Congress would help reduce legal uncertainties that still limit institutional investments in digital assets.

Commenting on the matter, the secretary stated: “During a period of sharp market declines, I believe that clear information about the CLARITY bill would help the market feel more at ease, allowing us to overcome this situation. If the Democrats gain control of the House, which I don't consider a good outcome, the chances of us reaching an agreement will likely disappear.”

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The speech takes place in a delicate political context. Currently, the Republican Party holds a narrow lead in the House of Representatives, with 218 seats compared to the Democratic Party's 214. This reduced margin increases the pressure for the bill to move forward before the 2026 midterm elections.

Bessent argues that the bill should be approved quickly and sent to the current US president, Donald Trump, for his signature by spring, which runs from the end of March to the end of June. The central concern is that a shift in the balance of power in Congress could compromise future negotiations.

Attorney Joe Doll, known for his legal work in the Web3 sector and former advisor to the NFT platform Magic Eden, assessed that power shifts in midterm elections are historically common in the United States, which adds urgency to the debate.

Investor Ray Dalio warned that the presidential term faces political vulnerabilities ahead of the next elections. In his view, pro-cryptocurrency policies need to be formalized in law to prevent potential reversals.

Data from the Polymarket forecasting platform indicates that a significant portion of investors are betting on a divided Congress after 2026, while another group projects a Democratic victory in both legislative houses.

Behind the scenes, government representatives and executives from the banking and cryptocurrency sectors met to discuss sensitive points in the text, including stablecoin yields, tokenized stocks, and decentralized finance.

The Digital Chamber, the largest global trade association for the blockchain and digital asset industry, has confirmed meetings at the White House to discuss the details of the Digital Asset Market CLARITY Act.

In a statement, CEO Cody Carbone said: “Today’s meeting at the White House represented exactly the kind of progress we need to help resolve one of the key issues hindering progress on market framework legislation,” adding: “We are hopeful that as we explore the policy details, we can create a level playing field for digital assets in the U.S.”