U.S. Treasury Secretary Uses Satoshi Nakamoto to Pressure the Senate
On July 30, U.S. Treasury Secretary Scott Bessent posted a long message on X.
At the end, he quoted Satoshi Nakamoto’s original words:
“If you don‘t believe me or don’t get it, I don‘t have time to try to convince you, sorry.”
The current Treasury Secretary quoting the Bitcoin founder on social media to pressure the Senate to vote.
This has never happened before in the history of crypto regulation.
What did Bessent say?
In plain language, just three points:
First, the House passed it with 294 votes over a year ago, the Senate Banking Committee approved it in May, and bipartisan staff have spent thousands of hours discussing it—what are you waiting for?
Second, Democrats are afraid to vote because they fear Elizabeth Warren and her "anti-crypto army." "Choosing politics over a major victory."
Third, how did the U.S. become the global financial center? By leading the way in setting standards during technological shifts, not by hesitating.
Then he dropped Satoshi’s famous quote—if you don’t understand, I don’t have time to convince you, sorry.
But no matter how hard Bessent pushes, two realities remain:
Reality one: Seven Democratic senators openly oppose it.
Cortez Masto, Alsobrooks, Booker, Gallego, Hickenlooper, Warner, Warnock.
They say the bill is "insufficient" on ethics, consumer protection, and illegal finance.
Where exactly is the sticking point?
The ethics clause.
The new bill prohibits the president, vice president, members of Congress, federal officials, and their spouses from issuing or sponsoring digital assets for compensation during their terms.
This is called the "Trump clause" externally—because the Trump family earned over $1.2 billion from crypto businesses by 2025.
Democrats say: Only banning until 2029? Enforcement all given to the Justice Department? No restrictions on officials’ children? Not enough.
Republicans say: This is already the strictest federal ethics rule we’ve proposed.
Neither side will back down.
Reality two: Senate Majority Leader Thune has said—no full Senate vote will be scheduled before the August 7 recess.
Why?
The Senate must first handle the Russia sanctions bill and attend the late Senator Graham’s funeral.
The schedule is full; CLARITY doesn’t make the cut.
White House crypto advisor Patrick Witt said there’s "room to maneuver in the first week of August."
Bro, Thune is the majority leader; he controls the schedule. You say there’s room—where exactly?
How does the market see it?
On Polymarket, the probability of the "CLARITY Act being signed into law in 2026"—
Peaked at 82% early this year.
Dropped to 38% mid-July.
Now 28%.
From 82% to 28%, a 54 percentage point drop.
JPMorgan bluntly said: The longer the bill drags, the greater the threat to the crypto market.
Bitcoin is now just above $63,000, down nearly half from this year’s high of $126,000.
Market sentiment is "extreme fear."
To end on a harsh note—
Bessent invoked Satoshi Nakamoto.
But the fate of the bill is not decided by Bitcoin’s creator, but by those seven Democratic senators.
A 616-page bill is stuck on the issue of "whether the president can issue coins."
The Trump family earned $1.2 billion from crypto.
Democrats say "You earned too much; we can’t trust you."
Republicans say "The clause can be amended, but schedule the vote first."
Both sides are playing games, and you, holding positions, pay the price.
The Senate reconvenes in September; the 60-vote threshold remains. If it drags into the fall, it will clash with midterm elections—then no one will care about you.
Satoshi said he doesn’t have time to convince those who don’t believe.
But does the market have time to wait?
$BTC$ETH$SOL#CLARITY法案错过休会窗口
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