Treasury Secretary Predicts Big Crypto Recovery via "Clarity Act"
U.S. Treasury Secretary Scott Bessent has issued a bullish outlook for the digital asset market, urging Congress to pass the CLARITY Act by this spring. In a recent CNBC interview, Bessent emphasized that establishing a clear federal framework is the "very important" missing piece needed to stabilize the market and restore investor confidence.
Key Highlights:
Regulation as a Catalyst: Bessent believes that the current market volatility is partly "self-inflicted" due to regulatory uncertainty. Passing the bill would provide the "comfort" institutional investors need to re-enter.
Bipartisan Push: While some crypto firms have resisted specific details of the bill, a bipartisan coalition is working to get it to President Trump’s desk before the mid-term elections.
Market Context: This prediction comes as Bitcoin shows signs of a recovery bounce near $68,000, with industry leaders like Elon Musk also fueling speculation for a major growth cycle heading into 2027.
The Treasury’s stance signals a shift toward making the U.S. the "crypto capital of the world" through legislative certainty rather than enforcement. $BTC $ETH $SOL
