US Treasury Secretary: Advancing the 'Clarity Act' Could Help Boost Bitcoin Prices US Treasury Secretary Scott Bessent stated in an interview with CNBC that pushing forward the long-stalled 'Clarity Act' and other crypto legislation could help stabilize the current weak market and restore investor confidence. Bessent noted that Bitcoin has a history of volatility, but some of the current fluctuations are 'self-inflicted.' He mentioned that a group of Democrats is willing to work with Republicans to advance the market structure bill, but certain crypto companies have been obstructing progress. He emphasized that providing clarity for the 'Clarity Act' during a period of historic market volatility and sell-offs would bring significant reassurance to the market, and completing this work as soon as possible is crucial. The cryptocurrency industry and banking sector must reach an agreement on the market structure bill by March 1. Bessent stated that the crypto space, along with its derivative blockchain and DeFi sectors, is full of innovation, and the bill should be pushed forward for presidential signing this spring.