Hill says SEC and CFTC crypto rules lack legislative clarity
Image: DecryptHouse Financial Services Committee Chair French Hill said recent SEC and CFTC crypto rulemaking falls short of the clarity a permanent statute would provide. He argued agency rules can be unwound by future administrations, unlike durable legislation. Hill backs the stalled CLARITY Act, which failed a 49-50 Senate vote last month. He hopes the bill passes during the upcoming lame-duck session.
Key points
- House Financial Services Committee Chair French Hill said SEC and CFTC crypto rules are no substitute for legislation.
- Hill's preferred Digital Asset Market Clarity Act failed a 49-50 Senate vote last month.
- He hopes the CLARITY Act can pass during the upcoming congressional lame-duck session.
- Hill argued agency crypto rules can be unwound by future administrations, unlike permanent statutes.
Why it matters
Without a permanent statute, crypto firms face ongoing compliance uncertainty as agency rules can be reversed. Fragmented SEC and CFTC approaches could create inconsistent market standards for digital asset operations.
What's unclear
Whether the CLARITY Act can secure enough Senate votes to pass in the lame-duck session
Sources · 3 publishers
Crypto Briefing
Tier 2
French Hill says SEC and CFTC crypto rules are no substitute for the CLARITY Act
Crypto.news
Tier 2
French Hill says SEC and CFTC crypto rules fall short of legislation
Coverage timeline
- First reported by Decrypt
- Confirmed by Crypto Briefing
- CryptoVideos brief published
- 1 more publisher added to sources
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
