Treasury Secretary Bessent Says CLARITY Act at '1-Yard Line'; Bitcoin Rallies to $67K

According to Treasury Secretary Scott Bessent on July 21, the CLARITY Act has reached the '1-yard line,' with the digital asset market structure bill nearly finished after months of negotiation. Bitcoin rose about 2.5% toward $67,000 following Bessent's comments, while Coinbase shares jumped 13%, signaling investors view regulatory clarity as an imminent catalyst.

The bill requires 60 votes to pass the Senate. Republicans hold 53 seats, meaning at least seven Democrats must cross over for passage. Senate Majority Leader John Thune aims to bring the bill to the floor before the August recess, with lawmakers estimating a couple of weeks remain before the chamber breaks.