Bitcoin Nears $67,000 as Bessent Says Clarity Act Is at 1-Yard Line
Updated
Updated · Bloomberg · Jul 22
Bitcoin Nears $67,000 as Bessent Says Clarity Act Is at 1-Yard Line
3 articles · Updated · Bloomberg · Jul 22
Summary
Bitcoin rose as much as 2.5% on Tuesday, pushing toward $67,000, after Treasury Secretary Scott Bessent said the Clarity Act was at the “1-yard line” and urged Congress to pass it before recess.
Coinbase shares jumped as much as 13% on the comment, while Ether added up to 2.5% to about $1,950 and smaller tokens also advanced, showing the rally spread across crypto markets.
The move extends a gain from the prior day, when Bitcoin topped $66,000 after President Trump agreed to an ethics provision that removed a hurdle for the market-structure bill.
The legislation has become a key catalyst for a market that had traded listlessly for months, with investors betting a clearer U.S. regulatory framework could support broader digital-asset demand.