Bessent Outlines Regulatory Fallback as CLARITY Act Stalls
Edited by Steinar Vigdel Kolnes, Editor, Oslo
At Ripple’s Swell conference, Treasury Secretary Scott Bessent said his department could coordinate with regulators to address gaps left by stalled crypto legislation.
U.S. Treasury Secretary Scott Bessent outlined a potential regulatory response to the stalled CLARITY Act during Ripple’s Swell conference in New York, according to Bitcoin.com News.
Speaking at the opening of the event’s 10th edition on Oct. 27, Bessent said the Treasury could collaborate with the Securities and Exchange Commission and the Commodity Futures Trading Commission.
He pointed to Treasury’s ability to bring agencies together as a way to address the gap left by the bill’s failure to advance in the Senate. The remarks presented interagency coordination as a possible alternative while legislation remains stalled.
Source: Bitcoin.com News
