U.S. Treasury Secretary Scott Bessent publicly urged the Senate to pass the CLARITY Act on Thursday, becoming the latest high-profile figure to back the landmark cryptocurrency legislation — and invoking the words of Bitcoin's pseudonymous creator, Satoshi Nakamoto, in the process.

In a post on X, Bessent called on the Senate to "vote NOW on this landmark legislation" and accused Senate Democrats of stalling the bill, singling out Senator Elizabeth Warren (D-MA) for particular criticism.

JUST IN: Treasury Secretary Scott Bessent says Senate Democrats are stalling the Clarity Act: "The Senate needs to vote NOW on this landmark legislation."

"I believe Satoshi once said it best: If you don't believe me or don't get it, I don't have time to try to convince you,…" pic.twitter.com/9gQh45N31h

— Bitcoin Magazine (@BitcoinMagazine) July 30, 2026

The CLARITY Act aims to resolve one of the crypto industry's longest-running disputes: whether digital assets fall under the jurisdiction of the Securities and Exchange Commission or the Commodity Futures Trading Commission. The bill would generally grant the CFTC oversight of digital assets that function as commodities — particularly those on sufficiently decentralized networks — while preserving the SEC's authority over assets that function as investment contracts. For an industry that has spent years navigating overlapping enforcement actions and conflicting agency claims, that clarity is widely seen as a prerequisite for institutional adoption at scale.

Lawmakers are racing to pass the CLARITY Act before Congress departs for its August recess. Although the bill was drafted with bipartisan input, a faction of Democrats remains dissatisfied with the current version. The legislation already cleared the House, leaving the Senate as the remaining legislative hurdle.

"The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the 'Anti-Crypto Army' she once promised to build," Bessent wrote.

He continued: "Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrel's Left flank?"

Bessent concluded with a directness that echoed Bitcoin's origins: "America will lead or America won't. It's not more complicated than that. I believe Satoshi once said it best: 'If you don't believe me or don't get it, I don't have time to try to convince you, sorry.'"

Senator Warren, a long-standing critic of the cryptocurrency industry, has intensified her opposition to the sector following President Donald Trump's outspoken support for digital assets. Last week, Warren attacked the CLARITY Act directly, claiming it would "make it easier for criminals to move money" and arguing that "it does not stop Donald Trump from cashing in on his presidency."

Lawmakers are currently reviewing a revised draft of the CLARITY Act. Several major nonprofits and financial institutions have endorsed the bill, which now includes amendments addressing ethics concerns. However, some Democrats remain opposed to its current wording. Goldman Sachs is among the financial institutions that have backed the legislation. Wall Street engagement with the bill reflects broader industry positioning: major banks and asset managers have been expanding their digital asset initiatives but have repeatedly cited the absence of a clear U.S. regulatory perimeter as a constraint.

President Trump campaigned on a pro-crypto platform and garnered significant support from digital asset entrepreneurs. However, some lawmakers in Washington have criticized the Trump family's financial involvement in digital asset ventures, including the Republican's meme coin, TRUMP, and the World Liberty Financial project. Trump and the White House have consistently denied any conflicts of interest.

U.S. banking representatives, regulators, and prominent crypto industry figures have been convening at the White House to work on the CLARITY Act since last year. If enacted, the bill would establish a comprehensive regulatory framework for cryptocurrencies in the world's largest economy — a step that the European Union has already taken with its Markets in Crypto-Assets regulation, which began phasing in last year.