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Urgent Call for Clarity Act to Stabilize Crypto Market

2/13/2026

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Summary

Story summary

U.S. Treasury Secretary Scott Bessent urged Congress to pass the Clarity Act to establish federal rules for digital assets, aiming to stabilize the cryptocurrency market amid volatility.
He noted that some cryptocurrency firms oppose the bill, while a bipartisan group of lawmakers is working to advance it.
Bessent warned that the bipartisan coalition could disband if Democrats gain control of the U.S. House of Representatives in November.

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Story summary

U.S. Treasury Secretary Scott Bessent urged Congress to pass the Clarity Act to establish federal rules for digital assets, aiming to stabilize the cryptocurrency market amid volatility.
He noted that some cryptocurrency firms oppose the bill, while a bipartisan group of lawmakers is working to advance it.
Bessent warned that the bipartisan coalition could disband if Democrats gain control of the U.S. House of Representatives in November.