The move followed Bloomberg-reported remarks from Treasury Secretary Scott Bessent, signaling the crypto market is closely tracking U.S. legislation tied to industry rules.
Bitcoin moved higher after Treasury Secretary Scott Bessent said the CLARITY Act is "at the one-yard line," in remarks reported by Bloomberg. The comment pointed to perceived momentum for U.S. crypto legislation, a development markets often read as supportive because clearer rules can reduce regulatory uncertainty for digital-asset firms and investors.