U.S. Treasury Secretary Scott Bessent Urges Passage of Bitcoin and Crypto Market Structure Bill

The evidence strongly supports the truthfulness of the statement. The most authoritative and relevant sources directly link Scott Bessent to the cryptocurrency market structure bill. Specifically, a press release from the U.S. House Committee on Financial Services itself mentions both Scott Bessent and the passage of a market structure bill, indicating a direct connection. This is corroborated by the committee's news page, which confirms Bessent testified at a hearing where such a bill would be discussed, and points to primary source materials like official testimony.Further supporting evidence comes from a CNBC article, which reports that Treasury Secretary Bessent took a stance on the 'regulation of cryptocurrencies' during his testimony. While it notes he warned against 'overregulation,' this is consistent with advocating for a specific legislative framework that provides clarity and pre-empts more restrictive, ad-hoc rules. Urging the passage of a specific bill is a common way to achieve a desired regulatory outcome.There is no contradictory evidence among the sources provided. Several sources are irrelevant as they focus on other aspects of the hearing, such as Bessent's criticism of the Federal Reserve or the confrontational tone of the proceedings, and do not mention cryptocurrencies. The weight of the direct, high-authority evidence makes the statement highly likely to be true.