# Bessent Floats Treasury Coordination on Crypto Oversight After CLARITY Act Stalls By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/42474 Published: 2026-10-28T08:45:55.000Z Updated: 2026-10-28T08:45:55.000Z Section: Regulation > His remarks followed a 49-50 Senate procedural vote. He announced no rule, agency directive or timetable. U.S. Treasury Secretary Scott Bessent said Treasury could coordinate with the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) on crypto oversight after the Senate stalled a procedural step for the Digital Asset Market Clarity Act of 2025. During Ripple’s Swell conference on Oct. 27, Bessent called the Senate outcome disappointing and said, “At Treasury, we have a lot of convening powers.” He described possible agency coordination but announced no specific rule, directive to either regulator or timetable. Bessent also raised the prospect of regulators setting “best practices” and “guardrails” to address the risk of crypto companies losing access to banking services. The comments add a Treasury perspective to the debate over whether agency action can substitute for legislation, an issue in [earlier coverage of the CLARITY Act](). The bill proposes a framework for regulating offers and sales of digital commodities through the SEC and CFTC. On Sept. 15, the Senate voted 49-50, with one senator not voting, on cloture for a motion to proceed to H.R. 3633. The motion needed three-fifths support to advance. The procedural vote did not decide the bill’s final passage. ## Links in this article - [earlier coverage of the CLARITY Act](https://www.tokenpost.com/news/regulation/23460)