{
  "id": 12919744,
  "title": "Clarity Act Sponsor Says SEC, CFTC Crypto Rules Cannot Replace Legislation",
  "url": "https://urgent.news/2026/10/08/clarity-act-sponsor-says-sec-cftc-crypto-rules-cannot-replace",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T17:32:51.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/cryptocurrency/2026/clarity-act-sponsor-says-sec-cftc-crypto-rules-cannot-replace-legislation/"
  },
  "original_language": "en",
  "account": null,
  "summary": "House Financial Services Committee Chairman French Hill said the Securities and Exchange Commission and Commodity Futures Trading Commission cannot provide the regulatory certainty cryptocurrency markets need through administrative rulemaking alone. Hill acknowledged that both agencies have moved to establish a regulatory framework for digital assets to try to fill the gap left by Congress’…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}