Bessent's Yard-Line Remark On Crypto Bill Rallies Bitcoin, Coinbase
Bitcoin climbed more than 2% toward $67,000 and Coinbase jumped as much as 12.6% on one unpassed bill's promise.
- Treasury Secretary Scott Bessent said the Clarity Act sits at the '1-yard line' in Congress.
- Bitcoin rose more than 2%, approaching $67,000, immediately after Bessent's comment circulated.
- Coinbase shares surged as much as 12.6% on the same regulatory-clarity remark.
Why it matters: A market that rallies on a metaphor, not a vote, is pricing hope, not law.
Bloomberg News ↗ · Jul 21, 20267/21/26 · ✓ Checked✓ Check