Treasury, SEC, CFTC to address crypto regulation gaps after CLARITY Act fails

The U.S. Treasury is positioned to collaborate with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to address regulatory gaps in the cryptocurrency sector. This comes after Congress failed to pass the CLARITY Act, a legislative effort aimed at providing a clear federal framework for digital assets. Bessent’s comments suggest a pivot towards agency-led coordination under existing authorities rather than waiting for new legislative measures.