Treasury Secretary Urges Senate to Pass CLARITY Act
Treasury Secretary Bessent is urging the Senate to pass the CLARITY Act before the end of the year, warning that failure to do so will damage America's standing in the crypto sector. Passage remains a steep uphill battle, requiring 60 votes against a backdrop of Democratic opposition and prediction markets that have dropped their odds of success to just 10%.
Per Cointelegraph, Treasury Secretary Scott Bessent publicly appealed to senators to approve the CLARITY Act upon their return from recess, warning that rejection would signal a loss of US leadership in digital assets. The report also notes that Galaxy has slashed its prediction market odds for the bill’s passage in 2026 to 10%, down from 75% in May, despite the National Sheriffs’ Association recently shifting its stance to neutral.
Source: CointelegraphThe Senate vote on September 15 requires 60 affirmative votes. Republicans hold only 53 seats, making Democratic support essential for passage.
Source: GN markets/crypto (en-US)
