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 legislation aims to establish clearer regulatory guidelines for cryptocurrencies, which could help stabilize the market. Bessent emphasized that clarity in regulations would encourage investment and innovation in the crypto space. The Secretary's comments come as Bitcoin experiences significant price fluctuations, highlighting the need for a more structured regulatory framework.
Read the full article: Decrypt