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Bitcoin Rallies After Bessent Says Clarity Act at ‘1-Yard Line’

Bloomberg Markets Tuesday 21 July 2026, 14:52 UTC By Vildana Hajric 1 min read
Key Points

Cryptocurrencies Bitcoin Rallies After Bessent Says Clarity Act at ‘1-Yard Line’ Crypto markets are stirring after months of listless trading on signs that Washington is moving toward a clearer rulebook for digital assets. Bitcoin rose more than 2% toward $67,000 on Tuesday, while shares of Coinbase Global Inc. climbed as much as 12.6% after Treasury Secretary Scott Bessent said lawmakers were at the “1-yard line” on the Clarity Act. He urged Congress to pass the long-awaited bill before...

Cryptocurrencies Bitcoin Rallies After Bessent Says Clarity Act at ‘1-Yard Line’ Crypto markets are stirring after months of listless trading on signs that Washington is moving toward a clearer rulebook for digital assets. Bitcoin rose more than 2% toward $67,000 on Tuesday, while shares of Coinbase Global Inc. climbed as much as 12.6% after Treasury Secretary Scott Bessent said lawmakers were at the “1-yard line” on the Clarity Act. He urged Congress to pass the long-awaited bill before leaving for recess. Smaller tokens also rallied.
Bitcoin Rallies (ORG) Bessent (PERSON) Washington (LOCATION) Bitcoin (ORG) Coinbase Global Inc. (ORG) Treasury (ORG) Scott Bessent (PERSON) Congress (ORG)
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