Clarity Act Passage Would 'Comfort' Markets Amid Bitcoin Volatility: Treasury Secretary Bessent

Treasury Secretary Bessent stated that the passage of the Clarity Act would provide much-needed comfort to markets amid ongoing Bitcoin volatility. The Act aims to establish clearer regulations for cryptocurrencies, which could help stabilize the market. Bessent emphasized that regulatory clarity is essential for fostering investor confidence and encouraging broader participation in the crypto space. The statement reflects growing concerns about the impact of regulatory uncertainty on digital asset markets.

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