Bessent Says Treasury Will Address SEC-CFTC Crypto Oversight Gaps

U.S. Treasury Secretary Scott Bessent said Oct. 28 that Treasury will work to close gaps in U.S. cryptocurrency oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, even if Congress takes no action. His statement puts coordination between the two agencies at the center of Treasury's effort. Bessent said the department would pursue the work regardless of whether lawmakers act, while keeping its stated objective focused on the gap between SEC and CFTC oversight. The announcement describes Treasury's planned push to bridge that divide, rather than a completed change to the regulatory framework. For U.S.