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 experiencing Bitcoin volatility. The Clarity Act aims to establish a clear regulatory framework for cryptocurrencies, which could help stabilize the market. Bessent emphasized that regulatory clarity is essential for fostering investor confidence and encouraging innovation in the crypto space. The potential legislation is seen as a positive step towards addressing the uncertainties currently affecting the cryptocurrency market.

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