Clarity Act Could Stabilize Bitcoin Markets, Says Treasury Secretary

The U.S. Treasury Secretary, Scott Bessent, has indicated that the approval of the Clarity Act could contribute to reducing the fluctuations in the cryptocurrency market. He emphasized that such legislation would provide a sense of assurance to investors and market participants.

Bessent's comments reflect a growing consensus that regulatory clarity is essential for fostering a more stable environment for digital assets like Bitcoin. The Clarity Act aims to establish a clearer legal framework for cryptocurrencies, which could help mitigate the ongoing volatility that has been characteristic of this sector.