bessent

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, #blockchain , DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Cathie Wood’s ARK Invest added nearly $15.2 million in Coinbase stock, Anthony Pompliano points out the big challenge that $BTC holders are currently facing. Meanwhile, US Treasury Secretary Scott Bessent believes cryptocurrency investor sentiment will improve if the CLARITY Act is passed in a timely manner.
ARK turns bullish on Coinbase again with $15M purchase after selling spree
ARK Invest has returned to buying shares of #coinbase Global after trimming its position, adding roughly $15 million worth of stock across several of its actively managed exchange-traded funds (ETFs) on Friday.
The Cathie Wood-led asset manager purchased 66,545 Coinbase shares through the ARK Innovation ETF (ARKK), 16,832 shares through Next Generation Internet ETF (ARKW) and 9,477 shares through Fintech Innovation ETF (ARKF), according to the firm’s daily trade disclosures.
The buying activity coincided with a sharp surge in Coinbase stock. Shares closed the trading session at $164.32, up about 16.4% on the day, before edging higher in after-hours trading, according to data from Google Finance. The surge put the firm’s total purchase at roughly $15.2 million.
Alongside Coinbase, ARK also increased its stake in Roblox Corporation, buying shares in ARKK, ARKW and ARKF. Roblox closed near $63.17 on the New York Stock Exchange on Friday.

Bitcoin holders are being tested as inflation eases: Pompliano
$BTC investors are being forced to rethink why they hold the asset as inflation data cools, according to Bitcoin entrepreneur Anthony Pompliano.
“I think the challenge for Bitcoin investors, can you hold an asset when there is not high inflation in your face on a day-to-day basis?” Pompliano said during an interview with Fox Business on Thursday. “Can you still believe in what Bitcoin’s value proposition is, which is that it’s a finite-supply asset. If they print money, Bitcoin is going higher,” he said.
“$BTC and gold are great long-term things,” he said. The Consumer Price Index (CPI) fell to 2.4% in January from 2.7% in December, according to the Bureau of Labor Statistics. However, Mark Zandi, Moody’s chief economist, recently told CNBC that inflation “looks better on paper than in reality.”
It comes as sentiment for Bitcoin has reached multi-year lows not seen since June 2022, with the Crypto Fear & Greed Index, which measures overall crypto market sentiment, posting an “Extreme Fear” score of 9 in its Saturday update.
US Treasury Secretary believes CLARITY Act could revive investor sentiment
US Treasury Secretary Scott Bessent said the timely passage of the CLARITY Act could help stabilize markets and improve investor sentiment amid ongoing volatility.
In an interview with CNBC, Bessent argued that regulatory certainty could ease the current market downturn.
“In a time when we are having one of these historically volatile sell-offs, I think some clarity on the CLARITY bill would give great comfort to the market, and we could move forward from there,” Bessent said.
He continued: “I think if the Democrats were to take the House, which is far from my best case, then the prospects of getting a deal done will just fall apart.”
The #CLARITYAct is proposed legislation to establish a clearer regulatory framework for digital assets in the United States. Broadly, it seeks to define which crypto assets fall under securities law versus commodities law, clarify oversight responsibilities between regulators and provide more predictable compliance standards for investors.
He added that timing is critical. #Bessent is pushing for passage by June, warning that delays, especially ahead of the 2026 midterm elections, could complicate negotiations.

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#bullishleo

Bessent hit the nail on the head: without CLARITY, the market's missing its backbone. And he's right—we're not just dumping because of technicals. Every time "delayed until 2027" hits the wires, Bitcoin quietly bleeds another 3–4%. Why? Institutions won't deploy billions into regulatory fog.
Right now, Trump's got a narrow window—before the 2026 midterms. Republicans hold the House by just 4 seats. Fragile. If Democrats flip it (Polymarket gives that a 37% shot), the entire pro-crypto momentum of this administration could evaporate. Dalio already warned: what isn't codified by 2026 gets undone.
Here's my take: regulatory clarity matters more than Fed rates right now. Rates are cyclical; rules are structural. Pass CLARITY by spring, and we don't just bounce—we trigger a fresh institutional wave. Stall until after the elections? Get ready for another year of sideways grinding under political uncertainty.
Question is: will they actually push it through before crypto becomes a bargaining chip in the next electoral circus?
#Clarity #Bessent $BTC

Hi friends
August 5, 2025 | Washington, D.C.
In a significant turn of events, former President Donald $TRUMP has officially removed Treasury Secretary Scott Bessent from consideration to replace Jerome Powell as Federal Reserve Chair. The reason? Bessent himself reportedly declined the offer, choosing instead to remain in his current role at the Treasury.
> “I love Scott, but he wants to stay where he is,” Trump told CNBC. “I’ll take him off, because I asked him just last night, ‘Is this something you want?’ [He said] ‘Nope, I want to stay where I am.’”
Trump’s updated shortlist now features former Federal Reserve Governor Kevin Warsh, White House economist Kevin Hassett, and two yet-to-be-named candidates. This shake-up comes as Trump continues to lambast current Fed Chair Jerome Powell, criticizing him for dragging his feet on implementing interest rate cuts. The former president has gone so far as to call Powell “a numbskull” and “a complete moron,” placing the blame for recent economic instability squarely on the central bank's leadership.
A Divided Fed in Uncertain Times
The Federal Reserve recently held rates steady amid global trade uncertainty and fragile economic indicators. But not without dissent: Fed Governor Christopher Waller and Vice Chair Michelle Bowman both pushed for a quarter-point cut, exposing deep internal division.
Further complicating matters, Fed Governor Adriana Kugler resigned just last week, leaving another vacancy on the board. Trump confirmed he will appoint a temporary replacement within days—an unusual four-month term, which many see as a possible audition for the permanent chair role once Powell’s term ends in 2026.
Bessent’s Influence Isn’t Over
Though Bessent has stepped away from the Fed chair spotlight, he remains a major player in Trump’s economic circle. He’s now leading high-level trade negotiations, including recent U.S.-China talks held in Sweden, with a critical August 12 deadline looming for tariff decisions. His presence at the negotiating table underlines his continuing influence in shaping economic policy—especially as it intersects with the 2025 campaign cycle.
Kevin Hassett, another name floated for Fed leadership, confirmed Bessent is still heavily involved in vetting potential candidates, suggesting that even from behind the curtain, Bessent's voice will shape who leads the Fed next.

Key Takeaways:
Scott Bessent is out of the running for Fed Chair.
Kevin Warsh and Kevin Hassett are top contenders.
$TRUMP will appoint a four-month interim Fed Governor—possibly as a test run.
Internal Fed tensions emerge over stalled rate cuts.
U.S.-China trade negotiations remain tense ahead of August 12 deadline.
The economic and political stakes are growing—and the markets are watching closely.
#FedWatch #CryptoNews #TrumpEconomy #Bessent #JeromePowell
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