Ripple Swell Sees Bessent Bring a Plan B for the Stalled CLARITY Act

U.S. Treasury Secretary Scott Bessent told Ripple’s Swell conference in New York that the Treasury can work with the SEC and CFTC to fill the gap left by the Clarity Act’s failure in the Senate. Bessent appeared on stage on Oct. 27 to open the 10th edition of Swell. CEO Brad Garlinghouse called it “an honor” to host the Treasury chief and credited the administration with “ensuring that responsible crypto can thrive in the US.” The headline moment came when the conversation turned to Congress, and Bessent called the failure of the Digital Asset Market Clarity Act a disappointment.