‘Major Catalyst'—U.S. Treasury Secretary Fuels Bitcoin Price Surge

Bitcoin surged above $66,000 and briefly touched $67,000, its highest level in more than a month, as traders priced in improved odds of the U.S. Clarity Act passing. The bill would split crypto oversight between the SEC and CFTC and is seen as a major regulatory catalyst that could open the market to Wall Street and attract institutional capital. Momentum was further helped by BlackRock CEO bullish comments and reports that President Trump agreed to an ethics provision that removes a major roadblock. Treasury Secretary Scott Bessent said lawmakers were at the “1-yard line,” reinforcing optimism. Despite the rally, some market participants caution that bitcoin could stall without additional pro-crypto catalysts such as easier Fed policy or further legislative progress.