Clarity Act don stall: Bessent dey push Senate make dem do markup, e target di stablecoin yield palava

U.S. Treasury Secretary Scott Bessent bin beg Senet make dem move Di Digital Asset Market Clarity Act (Clarity Act) go front for markup before law calendar tight reach midterms. For one op-ed for Wall Street Journal and for Senate Banking testimony, him talk say some crypto execs wey dey oppose di Clarity Act dey choose "no regulation," call dem "nihilists." Bessent mention GENIUS Act—wey dem sign become law last year to regulate dollar-backed stablecoins—as proof say Congress still fit act on crypto policy. Clarity Act sidon for Senate because two main reasons. First, stablecoin yield rules dey split markets: banks fear say allow passive yield fit make deposits comot, while bipartisan Tillis–Alsobrooks proposal wan ban passive yield but allow activity-based rewards and e still need wider support. Second, some pro-crypto Senate Democrats reportedly dey demand say make dem ban Trump-linked personal crypto ventures before dem go support Clarity Act, but White House don reject that demand. Bessent warn say delay fit push key regulatory momentum enter November midterm cycle and make development move to places wey get clearer rules, like Abu Dhabi and Singapore. For traders, the main short-term signal na momentum for Senate Banking Committee toward Clarity Act markup and vote. Progress fit boost risk appetite for crypto equities and big tokens, while more delays go keep volatility high around stablecoin-policy headlines.