Treasury Secretary Urges Swift Passage of Clarity Act to Calm Crypto Markets
U.S. Treasury Secretary Scott Bessent is pushing Congress to fast-track the Clarity Act, a legislative effort to establish federal oversight for cryptocurrencies. The MOVE aims to stabilize volatile digital asset markets by providing regulatory certainty—a longstanding demand from institutional investors.
Market observers note the timing coincides with renewed institutional interest in crypto infrastructure plays. Bitcoin and ethereum options volumes hit quarterly highs this week, while custody solutions from traditional finance giants continue proliferating.