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Scott Bessent: “There has been a bipartisan working group and Democrats who…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Watch CNBC's full interview with Treasury Secretary Scott Bessent

Published | Video Starts at 25:30

They are used to the volatility. So it's important that everyone knows what, what they're buying. But part of the volatility here is self induced because, and this is one thing where There has been a bipartisan working group and Democrats who want to work with Republicans on getting a market structure bill. It's called the Clarity Bill. But there are a group of crypto firms who have been blocking it. They said, well, we'd rather have no legislation than this legislation. (25:30–25:52)

CLAIM

Asserts that a bipartisan group is working on a market structure bill for crypto.

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