U.S. Treasury Secretary Scott Bessent argued that passing the Clarity Act—the major U.S. crypto market structure proposal—would help calm markets during a period of heightened volatility in Bitcoin and Ethereum, according to Decrypt.

In remarks to CNBC, Bessent said ‘some clarity on the Clarity bill’ would ‘give great comfort to the market’ and urged that it reach the president’s desk this spring. He also described part of the market turbulence as ‘self-induced,’ pointing to a split between lawmakers attempting a bipartisan push and crypto firms opposing elements of the bill’s current text.

The political and industry tension is focused in part on stablecoin rules. Decrypt notes Coinbase has objected to provisions that would restrict consumer yield on stablecoins, with CEO Brian Armstrong previously saying the exchange would prefer ‘no bill’ to a ‘bad bill.’ Bessent has responded with unusually sharp rhetoric, calling opponents ‘nihilists’ in earlier comments.

What’s at stake:

- Regulatory clarity: market-structure rules could define which agencies oversee which crypto products and activities.

- Stablecoin design: yield restrictions would shape business models for exchanges and issuers.

- Timing risk: Bessent warned that a shift in House control after midterms could make a deal harder.

Prediction markets cited by Decrypt put the bill’s odds of being signed into law in 2026 at roughly the low-60% range, underscoring both momentum and uncertainty.

Source: Decrypt — https://decrypt.co/358067/clarity-act-passage-comfort-markets-bitcoin-volatility-bessent