U.S. Treasury Secretary Scott Bessent says passing the **Clarity Act** (a proposed crypto market-structure bill) would help calm markets during the current bout of crypto volatility.

### What Bessent said

- He argued “some clarity on the Clarity bill” would provide “great comfort to the market.”

- He characterized part of the market downturn as “self-induced,” pointing to industry resistance to the bill’s current language.

### Industry pushback

According to Decrypt, some crypto firms—most notably **Coinbase**—have resisted provisions that would limit stablecoin yield/rewards offered to consumers, with Coinbase leadership arguing they’d “rather have no bill than a bad bill.”

### Why it matters

Market-structure legislation could define:

- Whether and how crypto assets are regulated as securities vs. commodities.

- Compliance expectations for exchanges and intermediaries.

- How stablecoin issuers and distributors can operate in the U.S.

Clearer rules could reduce uncertainty for builders and institutions—but the tradeoff is that restrictive provisions (especially around stablecoins) may reshape product design and DeFi integration.

**Source:** Decrypt

**Link:** https://decrypt.co/358067/clarity-act-passage-comfort-markets-bitcoin-volatility-bessent