Scott Bessent Urges Rapid CLARITY Act Adoption As Senate Crypto Bill Stalls

In Washington, U.S. Treasury Secretary Scott Bessent urged rapid adoption of the CLARITY Act, saying that “À un moment où nous traversons l’une de ces vagues de ventes historiquement volatiles, je pense qu’apporter davantage de clarté autour du CLARITY Act offrirait un réel apaisement au marché et nous permettrait d’aller de l’avant”.

“El Comité Bancario del Senado no retomará su trabajo sobre la estructura del mercado de criptomonedas al menos por unas semanas, dijeron a CoinDesk tres personas familiarizadas con la situación”

CoinDesk

CoinDesk reported that the Senate Banking Committee will not resume work on the crypto market-structure bill for at least a few weeks, after Coinbase publicly withdrew support last week and the committee postponed an amendments hearing.

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CoinDesk also said Republicans on the committee and the White House wanted Coinbase and the broader crypto industry to resolve issues tied to stablecoin reward provisions with the banking industry before reconsidering those provisions.

Bessent told CNBC that the CLARITY Act should be adopted “le plus rapidement possible” so it could be transmitted to President Donald Trump for signature in the spring.

Ahead of the November midterm elections, a Cointelegraph report cited by MEXC said crypto industry political action committees and individual executives donated more than $500 million to candidates, with the spending described as a strategic tilt toward Republican candidates.

MEXC framed the $500 million figure as including contributions from corporate PACs affiliated with major crypto exchanges, blockchain firms, and prominent individual donors, and said the donations were largely channeled through super PACs.

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CoinDesk reported that Fairshake and affiliates remain a major force in crypto election clout, while new crypto PACs have emerged with a Republican focus that could shift some of the bipartisan energy.

CoinDesk added that Fairshake spent $6.5 million to get U.S. Representative Christian Menefee advanced in place of Al Green, and that Fairshake also backed Republicans seeking House seats in Texas primaries.

TradingView said the Republican Party has a narrow majority in the House of Representatives with 218 seats against 214 for the Democrats, placing each vote under high tension ahead of the midterm elections of 2026.

“Buy CryptoMarketsSpotFuturesSPCXEarnEvent Centre More Ondo Tokenized Stocks Carnival Sign Up BitcoinWorld Crypto Industry PACs Pour Over $500 Million Into US Midterm Elections, Data Shows The cryptocurrency industry has emerged as a major force in AmericanBitcoinWorld Crypto Industry PACs Pour Over $500 Million Into US Midterm Elections, Data Shows The cryptocurrency industry has emerged as a major force in American Crypto Industry PACs Pour Over $500 Million Into US Midterm Elections, Data Shows Author: bitcoinworld 2026/05/26 09:50 4 min read Share For feedback or concerns regarding this content, please contact us at BitcoinWorld Crypto Industry PACs Pour Over $500 Million Into US Midterm Elections, Data Shows The cryptocurrency industry has emerged as a major force in American campaign finance, with Political Action Committees (PACs) and individual executives donating more than $500 million to candidates ahead of the November midterm elections, according to a report by Cointelegraph”

MEXC

TradingView also cited Joe Doll, former general counsel adviser for NFT marketplace Magic Eden, and said he recalled that the balance of power frequently shifts during midterms.

TradingView further reported that Ray Dalio warned in January that President Trump has a “un mandat de deux ans sans entrave” that could be “affaibli de manière significative lors des élections de mi-mandat de 2026 et inversé lors de l’élection de 2028”.

CoinDesk said the Texas primary runoffs this week and the loss of longtime incumbent U.S. Representative Al Green, a crypto critic, reinforced that crypto PACs may influence the makeup of next year’s Congress.