Scaramucci warns crypto market faces volatility as CLARITY Act stalls

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Scaramucci warns crypto market faces volatility

Highlights

Scaramucci says securing 60 Senate votes for the CLARITY Act is now “practically impossible.”
The bill passed the House in July 2025, but remains stalled in the Senate amid disputes over stablecoin yield and broader political conflict.
The absence of the law is preserving regulatory uncertainty and keeping the crypto market highly exposed to political developments in the United States.

According to BeInCrypto, his comments came as the bill has already spent months stalled in the upper chamber of Congress, while Bitcoin has been trading in the $66,000 to $67,000 range after a notable pullback from its March highs. Scaramucci argues that weakening political support is tied not only to the substance of the bill, but also to Donald Trump own actions, which he says have made bipartisan compromise harder to achieve.

Political deadlock around the CLARITY Act

The CLARITY Act passed the House of Representatives in July 2025 with notable bipartisan support, by a vote of 294 to 134. But since September, the bill has remained stuck in the Senate Committee on Banking, Housing, and Urban Affairs, while a review scheduled for Jan. 15, 2026, was postponed indefinitely following disputes over stablecoin yield and the refusal of some industry players, including Coinbase, to support the current version.

Scaramucci says the window for compromise has narrowed for three reasons. The first is the political fallout from Trump-linked meme coins: according to BeInCrypto, their launch deepened Democratic opposition and made any White House “win” on crypto politically toxic. The second is the escalation of foreign policy rhetoric, including disputes involving Greenland. The third is the U.S. military campaign against Iran, which, in his view, is consuming Congress political attention and budget resources.

What Scaramucci is arguing

Scaramucci main point is that the bill has become hostage not only to industry disagreements, but also to the broader political confrontation surrounding Trump. In his view, the president opponents are unlikely to help the administration advance crypto legislation at this stage. That assessment looks especially significant given that part of the CLARITY Act moved through the Senate Agriculture Committee in January strictly along party lines, 12 to 11, without a single Democratic vote.

The broader legislative backdrop is also making the situation harder. In March, Trump said he would not sign other bills until the SAVE Act moved forward, narrowing the legislative calendar further for crypto reform. Even the more optimistic projections for the industry are now colliding less with the idea of the bill itself than with the lack of time before the political focus shifts more sharply toward the 2026 midterm elections.

What this means for the market

For the crypto market, the CLARITY Act matters for more than just a debate over rules. The bill was designed as a basic framework to divide authority between the SEC and the CFTC and to provide a clearer legal status for digital assets in the United States. Its delay means the world largest financial market still lacks a final legislative framework for crypto.

Against that backdrop, Scaramucci warning about an unstable market looks less like an emotional reaction and more like a reflection of the prolonged fight over the rules of the game.

It was earlier reported that Coinbase opposes key provisions of CLARITY Act.

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