Bessent: SEC and CFTC will fill the gap left by failed CLARITY Act
- —Bessent called the SEC and CFTC "great partners" in building a crypto framework
- —He said the CLARITY Act would have prevented a repeat of "debanking"
- —Stablecoins will be a key source of financing for the US Treasury, he said
Why it matters: Washington is shifting to agency-led crypto rulemaking instead of legislation, which speeds up decisions but leaves them exposed to changes in power.
Source: PANews
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