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

In brief

• U.S. Treasury Secretary Scott Bessent said the passing of the Clarity Act would bring a calm to the markets amid Bitcoin’s recent volatility.
• Bessent called the current market reaction “self-induced” as some crypto firms (like Coinbase) stand against the current text of the bill.
• The bill has around a 62% chance of getting signed into law in 2026, according to prediction markets.