U.S. Treasury Secretary Brian Bessent is urging the Senate to advance the CLARITY Act, signaling that cryptocurrency regulation may be moving from policy discussion toward legislative action. On September 9, Bessent called on lawmakers to move forward with the bill, which would create the first comprehensive U.S. regulatory framework for digital assets.

The Senate is scheduled to vote on September 15, and the bill requires 60 affirmative votes to proceed. Galaxy Digital has reduced its estimated probability of passage in 2026 to 10%, down from 75% in May. Despite that lower estimate, Bessent’s public support represents a significant intervention by the nation’s top financial official as lawmakers consider clearer rules for the industry.

Regulatory uncertainty has long been cited by established funds and banking institutions as a barrier to large-scale participation in cryptocurrency markets. Clearer legal pathways can influence how institutions assess digital-asset projects, including whether they prioritize systems with verifiable infrastructure and audited smart contracts over projects based primarily on future plans or untested concepts.

Focus on Infrastructure and Audited Products

The source article points to Pepeto, a project raising funds through a presale before a public exchange listing, as an example of the market’s focus on operational products. According to the project’s stated features, Pepeto operates a decentralized exchange with zero trading fees, a cross-chain bridge that transfers tokens across five blockchains in less than 60 seconds without bridge fees, and a staking mechanism offering a 163% annualized yield during the presale period.

SolidProof audited Pepeto’s entire smart contract before launch, according to the source. The project’s leadership includes the original creator of Pepe coin and a former Binance developer. The article presents the audit, the team’s stated experience, and the availability of products before listing as factors intended to address risks associated with early-stage crypto projects.

The presale has raised more than $10.9 million. The source states that each funding stage increases the token price, resulting in different purchase prices for participants entering at different stages. It also states that staking rewards become available at exchange listing, with tokens locked during the presale accruing additional tokens before public trading begins. These are project-specific claims and do not establish future performance.

Consensys Announces Corporate Split

Bessent’s September 9 statement and the scheduled September 15 vote create a defined timetable for the next stage of the CLARITY Act debate. Even with Galaxy Digital assigning the bill a 10% probability of passage in 2026, the public discussion provides an indication that lawmakers and financial institutions are continuing to address the regulatory gap surrounding digital assets.

On September 9, Consensys announced that it would divide into two independent companies by the end of 2026. MetaMask, described in the source as the most widely used cryptocurrency wallet, has recorded more than 100 million downloads across 190 countries. It will become a standalone business led by Joe Lubin.

Consensys will retain responsibility for protocol and institutional banking operations under the leadership of Mike Kriak. The restructuring separates MetaMask from those activities while reflecting Consensys’ view that on-chain financial infrastructure warrants an independent valuation and that institutional interest in blockchain-based assets will continue to develop.

Cointelegraph reported on Bessent’s September 9 call for action on the CLARITY Act. The source also refers readers to ongoing coverage for details about Pepeto’s presale stage and staking terms. The original Blocktelegraph report is available at https://blocktelegraph.io/bessent-pushes-senate-vote-on-crypto-regulation-while-institutional-platforms-reorganize/.

The developments place legislative action, corporate restructuring, and project-level infrastructure in the same news cycle. The Senate vote will determine whether the CLARITY Act advances, while Consensys’ planned separation changes the structure of one of the sector’s major companies. Pepeto’s presale, audited contract, decentralized exchange, bridge, and staking mechanism represent separate project claims that should be assessed independently of broader regulatory and corporate developments.