US Treasury Secretary Scott Bessent has highlighted the critical importance of the CLARITY Act in revitalizing sentiment within the cryptocurrency market. According to Bessent, the passage of this legislation is a pivotal step toward providing the regulatory framework that institutional and retail investors currently demand. However, the Secretary issued a stern warning regarding the timing of broader market structure reforms, noting that delaying the bill until 2027 could significantly diminish its chances of passage. The market views this push for regulatory clarity as a major catalyst for long-term stability and institutional adoption of digital assets. Consequently, instruments such as BTC/USD and ETH/USD remain highly sensitive to these legislative developments in Washington as they seek a stable path forward.
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