US Treasury Secretary Scott Bessent wants the CLARITY Act Bill on US President Donald Trump’s desk as soon as spring this year.
Speaking to CNBC on 13 February 2026, Bessent urged Congress to fast-track the CLARITY Act, which aims to establish clear rules for the road for digital assets.
Bessent argued that it is exactly what we need to calm recent Bitcoin price swings and provide “great comfort” to rattled investors.
SCOTT BESSENT BLASTS COINBASE OVER CLARITY ACT PUSHBACK
Treasury Secretary Scott Bessent called Coinbase “recalcitrant actors” for opposing parts of the CLARITY Act, arguing the bill is essential to finally deliver regulatory clarity to crypto.
Here’s what’s really going on… pic.twitter.com/taBQg0Oxx0
— Crypto Tice (@CryptoTice_) February 11, 2026
Early this month, senate Democrats emerged from a closed-door meeting on the Clarity Act and crypto market structure with urgency and anxiety. Chuck Schumer pushed to move the Clarity bill after Fairshake PAC announced $193 million in midterm spending, a reminder that crypto now has real political teeth.
But the momentum collided with scandal, banking resistance, and direct allegations against Trump after it was revealed that a UAE-backed firm had acquired a 49% stake in World Liberty Financial.
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CLARITY Act Has Been Stalling Due To Disagreements Over Stablecoins: Coinbase Pulls Support
For years, two different government agencies, the Securities and Exchange Commission (SEC) and the (CFTC), have fought over who gets to be the referee of the crypto market. Think of it like a football game where two different referees are blowing whistles using two different rulebooks.
The Clarity Act aims to fix this by officially deciding who is in charge of what. It would give the CFTC power over digital commodities like Bitcoin spot markets and keep the SEC in charge of investment contracts. Simply put, businesses would finally know which rules to follow.
But the Clarity Act stalled due to disagreements over stablecoins, but having the Treasury Secretary explicitly push for its passage is a big deal. It signals that the White House wants to solve this regulatory headache sooner rather than later.
Bessent said that this bill passed would “give great comfort to the market,” promoting stability after Bitcoin fell nearly 50% from its October 2025 highs. This is a significant shift in tone, especially considering the Treasury’s previous warnings regarding strict compliance and enforcement.
However, the Senate has been a tougher nut to crack. In fact, legislative progress nearly derailed recently when Clarity Act talks hit political snags. Industry giants like Coinbase have even pulled support due to specific disagreements.
Bessent’s push is trying to break through what Senator Mark Warner has previously described as a kind of crypto hell in the Senate, where bills go to get stuck. The Treasury Secretary is now pressing for a resolution by March 1, criticizing industry infighting that he believes is holding back progress.
What Happens If The March Deadline Passes?
If the March deadline passes without a deal, we could see confidence drop again, leading to more choppy price action. However, if this bill moves, the market will likely react.
In an exclusive chat with 99Bitcoins.com, David Duong, Head of Global Research, Coinbase Institutional said that he is optimistic that the bill will pass in 2026! “I think that we’ve already gotten stablecoin oversight. Market structure clarity is going to emerge too,” Duong insisted.
“I think that a lot of people have kind of conflated the idea of the market structure bill and the opposition on it towards just stablecoin rewards. And I think that it’s much bigger than that.”
“Prediction markets have gone from like 20% odds that the Crypto Marcket Structure Bill will be pass, to 40% to 60%. It’s definitely tracking the progress in terms of people. I think a lot of people were very worried that everyone’s left the table, all the key players were kind of gone, and that wasn’t the case.”
Keep learning and stay updated on our X (Twitter) and YouTube for the latest moves.
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