Treasury Secretary Invokes Satoshi as CLARITY Act Faces Senate Collapse

Treasury Secretary Scott Bessent publicly attacked Senate Democrats on July 30 for blocking a floor vote on the CLARITY Act, the House-passed digital asset market-structure bill that has spent more than a year awaiting Senate action, accusing them of political cowardice in the face of pressure from Senator Elizabeth Warren and what Bessent described as her self-described “anti-crypto army,” and closing his argument by invoking Satoshi Nakamoto’s most-quoted dismissal from early Bitcoin forum history.

More than a year ago, the House passed the Clarity Act.

There’s been progress since — thousands of hours of bipartisan negotiations took place at the staff and Member levels. The Senate Committees on Banking and Agriculture advanced their respective titles. And Senate…

- Treasury Secretary Scott Bessent (@SecScottBessent) July 30, 2026

This is not simply an administration lobbying push ahead of the August recess. It is a coordinated executive-branch escalation, Treasury and the SEC moving in parallel – designed to force a binary public choice on Democratic senators before the calendar closes the window entirely.

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