“Rep. French Hill Says SEC, CFTC Crypto Actions 'Fall Short' of CLARITY Bill” — what this page in the network covers. Representative French Hill, chair of the House Financial Services Committee, says regulatory actions by the SEC and CFTC on digital assets have fallen short of what's needed, and he's pushing for Congress to pass a comprehensive market structure bill before the next session in 2027. Hill's comments come as the crypto industry awaits clearer rules, with the CLARITY Act aiming to define when a digital asset is a security versus a commodity.
The Arkansas Republican stressed that while agency enforcement and guidance have provided some direction, they lack the permanence and scope of legislation. If passed, the CLARITY Act would establish a functional framework for digital asset markets, potentially reducing legal uncertainty and encouraging innovation in the U.S. For the complete material, the listing points back to the source inside the network.