Bessent tells Ripple Swell Treasury can fill CLARITY Act gap with SEC and CFTC

U.S. Treasury Secretary Scott Bessent told Ripple's Swell conference in New York on Oct. 27 that Treasury can work with the SEC and CFTC to fill the regulatory gap left after the Clarity Act failed in the Senate. He cited Treasury's 'a lot of convening powers' as the mechanism for coordinating the agencies. For traders, the signal is that U.S. crypto rulemaking may advance through agency coordination rather than stalled legislation, a modest positive for XRP and the broader market given Ripple's centrality to the event.