U.S. Treasury Secretary Janet Yellen stated that the passage of the Clarity Act (Digital Asset Market Clarity Act) will help boost Bitcoin prices. Yellen told CNBC that Bitcoin has always been highly volatile, but some of the current fluctuations are "self-inflicted." Some Democrats hope to work with Republicans to push the Clarity Act, but certain crypto companies are obstructing the legislation. Yellen said that amid a historic sell-off, clear progress on the Clarity Act would provide great reassurance to the market and help restore confidence; there is still a lot of innovation around the crypto industry, blockchain, and DeFi, and she hopes to push the bill through as soon as possible and submit it to the President's desk this spring. (DL News)

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