House Finance panel chair says regulator actions on crypto ‘fall short’ of CLARITY bill
60-second summary
House Finance panel chair Rep. French Hill says SEC and CFTC moves “fall short” of the CLARITY bill’s goals and urges Congress to pass the cryptocurrency market‑structure legislation before the 2027 session, arguing current regulator actions lack comprehensive oversight, leaving investors exposed and prompting calls for clearer rules that could stabilize market confidence.
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