# Bessent Says Treasury Will Address SEC-CFTC Crypto Oversight Gaps

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/42751
Published: 2026-10-28T16:36:12.000Z
Updated: 2026-10-28T16:36:12.000Z
Section: Regulation

> He said Treasury would pursue the effort whether or not Congress acts.

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. crypto policy, the announcement identifies Treasury as an actor seeking to address how the two federal agencies oversee cryptocurrency. The SEC and CFTC are the regulators at the center of the issue, and Bessent's statement ties Treasury's effort to coordination between them. The central point is that the department says it will pursue that work whether Congress acts or not.