House Finance panel chair says regulator actions on crypto ‘fall short’ of CLARITY bill
Representative French Hill hopes lawmakers could pass a cryptocurrency market structure bill before the next session of Congress in 2027 as SEC and CFTC actions weren’t sufficient
Representative French Hill, who leads the House Financial Services Committee, expressed disappointment with the actions of US financial regulators on cryptocurrency. Speaking in a recent Fox Business interview, Hill stated that while the SEC and CFTC have taken steps to regulate digital assets, their efforts did not provide the long-term stability that a Congressional law would offer.
The Arkansas representative believes the Senate can still pass the Digital Asset Market Clarity (CLARITY) Act in the upcoming lame duck session of Congress. Hill remains hopeful that lawmakers will secure this permanent legislation to ensure the United States remains a leader in digital assets and blockchain technology.
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