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US Treasury plans crypto regulation with SEC and CFTC after Senate blocks Clarity Act

Market News
28 Oct 2026, 11:30 WIB
Bitcoin
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Bullish
US Treasury plans crypto regulation with SEC and CFTC after Senate blocks Clarity Act

US Treasury Secretary Scott Bessent announced at Ripple's Swell conference that the Treasury will collaborate with the SEC and CFTC to regulate crypto following the Senate's narrow rejection of the Digital Asset Market Clarity Act. The failure of the Clarity Act leaves a regulatory gap, but Bessent emphasized the Treasury's ability to coordinate rulemaking and set guardrails to support the crypto industry. Ripple also revealed new partnerships with Robinhood and BNY, and confirmed final approval for its national trust bank charter. These moves signal ongoing efforts to strengthen crypto infrastructure and stablecoin use tied to the US dollar, despite regulatory challenges ahead.

XRP (Ripple) is trading at Rp24.267 on Pluang, showing a 3.08% increase in the past day. The token has a market cap of Rp1.524,16 trillion and a 24-hour trading volume of Rp29,57 trillion. As of Oct 28, 2026 15:41 WIB, Pluang order activity leans 65% Sell and 35% Buy, with a typical hold time of 72 days.

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