U.S. Treasury Secretary Scott Bessent publicly demanded on July 30, 2026 that the Senate vote immediately on the Clarity Act, invoking in a post on X the words of Bitcoin creator Satoshi Nakamoto. This pressure campaign represents the most aggressive intervention by a sitting Treasury Secretary on crypto legislation in years. The main obstacle lies in the ethics provisions proposed by Republicans in May 2026, which would bar the president and federal officials from issuing or sponsoring digital assets while in office, directly targeting President Trump’s crypto activity after disclosures showed he generated over $1.2 billion from crypto ventures in 2025. The Bitcoin market has largely shrugged off these political developments, with Polymarket odds on the Clarity Act passing dropping to 28%.
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