Scott Bessent, the Treasury Secretary, is pushing the crypto firm, banks, and lawmakers to stop fighting and find a compromise so that the Clarity Act can be moved forward. His statements have come right before the key White House meeting. Right now, the bill has been stuck in the Senate,
US Treasury Secretary Scott Bessent told lawmakers that the gap between traditional banking and crypto may shrink over time. Speaking before the Senate Banking Committee, he said banks and crypto firms could eventually offer similar financial products as digital assets become more integrated into the financial system. Bessent made the
Senate Democrats have scheduled a private meeting for February 4, 2026, to discuss the structure of the U.S. crypto market. The move comes after the Senate Banking Committee postponed the decision on crypto legislation related to market structure. This was enclosed through an X post, by Business Reporter Eleanor Terett.
A high-profile showdown between Coinbase and major U.S. banks has again brought the CLARITY Act into the limelight. The proposed crypto market structure bill is now pending in the Senate. At the World Economic Forum in Davos, a heated exchange occurred between Coinbase CEO Brian Armstrong and JPMorgan CEO Jamie
Fairshake, the largest political action committee (PAC) backed by the crypto companies, has build $183 million fund ahead of the 2026 U.S. midterm elections. The crypto industries are once again stepping into U.S. politics. This move shows that crypto has become a permanent force in the U.S. election strategy. Fairshake’s
