Treasury Secretary Bessent Predicts Crypto Bill Passage This Spring

VADODARA, February 10, 2026 — U.S. Treasury Secretary Scott Bessent declared the cryptocurrency market structure bill (CLARITY) will pass before spring ends. He expressed personal optimism during a Fox News appearance. Bessent stressed legislative passage is a necessity. This latest crypto news arrives as Bitcoin trades at $69,628. Market sentiment registers Extreme Fear.

Investigation: A Treasury Push for Regulatory Clarity

Secretary Bessent made his statement on February 10, 2026. He appeared on Fox News. The CLARITY Act aims to define digital asset market structure. Bessent labeled its approval a necessity. He provided no specific legislative timeline beyond "before the end of spring." The Treasury Department's official stance now aligns with proactive regulation. This marks a shift from previous administrative ambiguity. According to the official U.S. Treasury website, financial innovation remains a core policy pillar.

Market Context & Historical Precedent

Historically, regulatory announcements trigger volatility. The 2021 infrastructure bill debate caused a 15% Bitcoin correction. In contrast, the 2024 FIT21 Act passage preceded a 25% rally. Current market structure shows decoupling. Price action ignores political optimism. Underlying this trend is extreme fear. The Crypto Fear & Greed Index scores 9/100. This indicates capitulation. Liquidity is thin. Order blocks cluster around $68,000. Related developments include Fed rate cut speculation and recent Bitcoin price pressure.

Technical Architecture & Price Action

Market structure suggests a critical juncture. Bitcoin holds above the $68,000 support. This level aligns with the 0.5 Fibonacci retracement from the 2025 high. The 50-day moving average provides dynamic support at $67,500. A break below invalidates the bullish structure. Resistance sits at $72,000. This forms a clear Fair Value Gap (FVG). On-chain data indicates low exchange inflows. UTXO age bands show minimal old coin movement. This suggests hodler conviction despite fear. The Relative Strength Index (RSI) reads 42. This indicates neutral momentum.

By The Numbers

Why It Matters

Regulatory clarity dictates institutional adoption. The CLARITY Act could define custody rules. It may clarify securities vs. commodities. This reduces legal overhead for asset managers. Consequently, capital deployment accelerates. Market structure shifts from speculative to fundamental. Retail sentiment often lags. Current extreme fear may present a liquidity grab. Institutional cycles suggest accumulation during fear. The 5-year horizon depends on regulatory frameworks. Clear rules enable ETF expansions and pension fund allocations.

Expert Commentary

Market structure requires legislative certainty. Secretary Bessent's timeline aligns with historical Q2 regulatory movements. The disconnect between price and policy highlights a market inefficiency. On-chain accumulation metrics suggest smart money is buying the fear.

— CoinMarketBuzz Intelligence Desk

Market Outlook & Price Scenarios

Two data-backed scenarios emerge. Bullish case: CLARITY passage triggers a short squeeze. Institutional FOMO enters. Bearish case: legislative delays exacerbate fear. Support breaks.

• Bullish Invalidation Level: $72,000. A daily close above this resistance confirms trend reversal. It fills the current Fair Value Gap and targets $75,000.
• Bearish Invalidation Level: $67,500. A sustained break below the 50-day moving average invalidates the current structure. This opens a test of $65,000.

The 12-month outlook hinges on bill passage. Approval could catalyze a 2026 Q3 rally. Delays may extend consolidation. Institutional pipelines await clarity for billion-dollar deployments.