Bitcoin Rises 16% as Treasury Backs Regulatory Bill
Bitcoin's price has climbed 16% in less than two weeks, bouncing back from a recent low of approximately $60,000. The recovery, noted on February 14, 2026, coincides with strong signals from Washington that a formal regulatory framework for digital assets is gaining momentum, providing a potential floor for prices after a recent sell-off.
Bessent Champions 'Clarity Act' to Stabilize Markets
Driving the positive sentiment, U.S. Treasury Secretary Scott Bessent publicly urged Congress on Friday, February 13, to pass legislation creating federal rules for digital assets. Speaking on CNBC, Bessent identified the bill as the "Clarity Act" and argued its passage this spring would provide significant stability for investors.
it was important for Congress to pass a bill to create federal rules for digital assets and get it onto President Donald Trump's desk to sign into law this spring.
— Scott Bessent, U.S. Treasury Secretary.
He added that the legislation would give "great comfort to the market" at a time of high volatility, directly linking the push for regulation to market stabilization.
Legislation Faces Political Hurdles
The path for the Clarity Act is not guaranteed. Secretary Bessent acknowledged that some cryptocurrency firms have actively tried to block the legislation. Furthermore, its success hinges on a fragile bipartisan coalition in Congress. Bessent warned that this alliance could collapse if the political landscape shifts after the November House of Representatives elections, introducing a critical timeline for investors monitoring the regulatory environment.
