Bessent: US Treasury Department will bridge the crypto regulatory gap between SEC and CFTC

October 28: U.S. Treasury Secretary Bessent stated that regardless of whether Congress takes action, the U.S. Treasury Department will push to bridge the cryptocurrency regulatory gap between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This statement indicates that even if relevant legislation is stalled at the congressional level, the Treasury still plans to promote coordination of the regulatory frameworks of the two agencies.