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Cryptonews

US Treasury Secretary Scott Bessent Backs Clarity Act to Stabilize Crypto Markets by 2026

US Treasury Secretary Scott Bessent told CNBC on Friday that passing the proposed Clarity Act, a digital asset market structure bill, could help reduce uncertainty and support more stable crypto markets. He linked part of Bitcoin's roughly 29% monthly decline to industry pushback against regulation and warned that shifting political dynamics and opposition from some firms may still derail the legislation, which prediction markets currently see as having a 62% chance of becoming law by the end of 2026.
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