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
U.S. Secretary of State Rubio: Iran may establish a toll collection system in the Strait of Hormuz.
Gate News reports that on March 27, U.S. Secretary of State Rubio stated that Iran may decide to establish a toll collection system in the Strait of Hormuz. The Strait of Hormuz is an important waterway connecting the Persian Gulf and the Gulf of Oman, through which about one-third of the world's maritime oil is transported.
GateNews56m ago
U.S. Secretary of State Rubio claims the Iran war should end within weeks.
Gate News reported on March 27 that, according to three informed sources, U.S. Secretary of State Rubio stated to G7 colleagues that the Iran war should end within weeks.
GateNews1h ago
Iran claims it will retaliate by striking 6 steel mills in Israel and industrial facilities in 5 regional countries.
Gate News reports that on March 27, according to CCTV News, it was learned from Iranian sources on the 27th local time that after the United States and Israel launched attacks on Iranian steel mills, Iran has listed six steel mills in Israel and relevant industrial facilities in five regional countries as new targets for retaliatory strikes. According to informed sources, Iran's response actions should not be limited to the regional steel industry and may take "broader and stronger" measures.
GateNews1h ago
Iran Warns of Attacks on the Gulf Region and Israeli Steel Plants
Gate News report, on March 27, according to Iran's Tasnim News Agency, Iran issued a warning that it would attack steel plants in the Gulf region and Israel.
GateNews1h ago
Iran states that the US and Israel attacked its "yellowcake" production plant, and preliminary investigations indicate no leakage of radioactive materials.
Gate News reports that on March 27, the Iranian Atomic Energy Organization announced that the "yellowcake" production facility in Ardakan, Yazd Province, Iran was attacked a few minutes ago by the U.S. and Israel. Preliminary investigations indicate that this incident did not result in any radioactive material leaking outside the complex. It is reported that "yellowcake" is a uranium oxide, typically extracted from crushed natural uranium ore, and is an essential intermediate product in the nuclear fuel production process, but it cannot be used directly in nuclear reactors; it is generally used for refining enriched uranium.
GateNews1h ago
Iran's heavy water research reactor in Khondab was attacked, and officials stated that there were no casualties.
Gate News reports that on March 27, Iranian officials confirmed that the heavy water research reactor located in Khondab was attacked in an airstrike. According to Iranian media Fars News, Iranian officials stated that the attack did not result in any casualties, and residents near the reactor did not face any security threats.
GateNews2h ago
