Treasury Secretary Scott Bessent says recent crypto market volatility underscores the need for swift regulatory clarity, while taking aim at Coinbase Global (NASDAQ:COIN) for opposing the proposed Clarity Act.
Bessent Presses For Market Structure Bill
In a Fox Business interview, Bessent argued that the latest turbulence in crypto markets has made clear rules more urgent than ever.
He said the Clarity Act is expected to return for markup soon, despite resistance from a small group of lawmakers who would rather see no bill than a compromised one.
Bessent noted that both banks and most crypto firms oppose that approach.
He expressed confidence the legislation will pass this spring, citing bipartisan support, and reiterated …