Scott Bessent, Treasury Secretary, predicts a significant shift in U.S. crypto policy in 2026, driven by the anticipated passage of the CLARITY Act, which aims to delineate the roles of the SEC and CFTC. This act is expected to enhance regulatory standards and foster innovation by defining digital commodities and granting the SEC oversight over their spot markets. Additionally, President Trump has signed the GENIUS Act to regulate stablecoins, and appointed Paul Atkins as SEC head, who has eased regulatory hurdles for crypto firms.
Bessent also highlighted the potential impact of a new Federal Reserve chair, aligned with crypto interests, replacing Jerome Powell. Candidates like Rick Rieder and Kevin Warsh have expressed support for the industry and Trump's interest rate cuts. These developments, alongside potential tax refunds and stimulus checks, could stimulate the crypto market, although legislative hurdles and economic risks remain.
Bessent Foresees Major Crypto Policy Shift in 2026
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
