U.S. Treasury Secretary Scott Bessent said advancing stalled crypto legislation, including the proposed Clarity Act, could help steady volatile digital asset markets.
In a televised interview, Bessent noted that bitcoin’s history of sharp price swings has been compounded by political gridlock in Washington.
CNBC reported that he attributed some of the current turbulence to disagreements among lawmakers and industry participants over market structure reforms. Bitcoin has fallen roughly 50% from its October 2025 record high, intensifying calls for clearer regulatory guidelines.
The Clarity Act aims to define oversight responsibilities and create a comprehensive framework for digital assets. Bessent suggested that passing such legislation would restore investor confidence and reduce uncertainty that has weighed on markets.
Lawmakers remain divided, however, over how best to regulate cryptocurrencies and balance innovation with investor protections.
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