Treasury Secretary Bessent Seeks Clarity Act Passage for Crypto Regulation

Treasury Secretary Scott Bessent has urged Congress to pass the Clarity Act, a bipartisan bill that would establish a formal regulatory framework for U.S. crypto markets.

The bill aims to clarify the jurisdiction of regulatory agencies over digital assets, which is currently uncertain and has been a persistent drag on institutional participation.

Bessent's call comes at a time of pronounced market stress, with Bitcoin trading near $71,074 amid extreme fear in the market.