French Hill calls SEC and CFTC crypto rules inadequate, pushes for CLARITY Act passage
House Financial Services Committee Chair French Hill stated that SEC and CFTC crypto rules fall short of permanent legislation, urging Congress to pass the CLARITY Act during the lame-duck session.
U.S. House Financial Services Committee Chair French Hill argued that existing SEC and CFTC regulatory rules fall short of the permanent framework needed for digital assets. While Hill credited both agencies for stepping in after the CLARITY Act stalled, he maintained that only a permanent change in law can secure U.S. leadership in the sector.[1][3][4]
Speaking to Fox Business, Hill said he still holds out hope that the CLARITY Act can pass during this Congress, calling legislative action essential to ensure the country remains first in digital assets. He hopes lawmakers will approve the bill during the lame-duck session before the next Congress begins in 2027.[3][5]
Agency rulemaking remains no substitute for comprehensive legislation, according to Crypto Briefing, which noted that the ongoing lack of a permanent statutory framework threatens to leave the market grappling with ongoing instability and fragmented compliance requirements.[2]
Key facts
- House Financial Services Committee Chair French Hill stated that SEC and CFTC crypto rules fall short of what the CLARITY Act would provide.
- Hill told Fox Business that he still has hope the CLARITY Act can pass this Congress to ensure America remains number one in digital assets.
- Hill expressed hope that Congress can pass the bill during the lame-duck session before the new Congress convenes in 2027.
- Hill credited the SEC and CFTC for intervening after the CLARITY Act collapsed, but noted only permanent law changes can secure U.S. leadership.
- The lack of a permanent legislative framework risks causing ongoing market instability and fragmented compliance standards.
Sources · 5 sources
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Decrypt@DecryptMediaPost on X ·
SEC and CFTC Crypto Rules 'Fall Short' of Clarity, Says Rep. French Hill https://t.co/WXLIqT8mG8
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Crypto BriefingArticle ·
French Hill says SEC and CFTC crypto rules are no substitute for the CLARITY Act The lack of a permanent legislative framework for crypto regulation may lead to ongoing market instability and fragmented compliance standards. The post French Hill says SEC and CFTC crypto rules are no substitute for the CLARITY Act appeared first on Crypto Briefing .
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Cointelegraph@CointelegraphPost on X ·
🇺🇸 INSIGHT: House Financial Services Committee Chair French Hill says SEC and CFTC crypto rules “fall short” of the permanent changes the CLARITY Act would provide. He hopes Congress can pass the bill during the lame duck session before the new Congress begins in 2027. https://t.co/z2FF9XVSeh
Open source - DE
DecryptArticle ·
SEC and CFTC Crypto Rules 'Fall Short' of Clarity, Says Rep. French Hill The House Financial Services chairman credited the SEC and CFTC for stepping in after the Clarity Act's collapse but said only "permanent law change" can secure U.S. leadership.
Open source - CO
CoinMarketCap@CoinMarketCapPost on X ·
LATEST: 🇺🇸 House Financial Services Committee Chair French Hill told Fox Business "I still have hope" the CLARITY Act can pass this Congress, saying it's needed to ensure "America is number one in digital assets." https://t.co/oiQTZUGfzU
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