SEC and CFTC Crypto Rules 'Fall Short' of Clarity, Says Rep. French Hill
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Arkansas Lawmaker Pushes for Congressional Action on Crypto as Regulators Step up - Invest In Crypto News
Representative French Hill, who chairs the House Financial Services Committee, said that though US financial regulators were moving forward with addressing digital assets, their actions lacked the long-term stability of legislation from Congress. In a Wednesday Fox Business interview, the Arkansas lawmaker said the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission […]
House Financial Services Chair French Hill says SEC and CFTC rules are inadequate; she is defending the Clarity Act within the 22-day post-life process.
House Finance Chair Says Crypto Regulator Actions Fall Short of CLARITY Bill
Rep. French Hill, chair of the U.S. House Financial Services Committee, says regulators are taking steps to address crypto oversight—but he argues their approach will not deliver the long-term certainty Congress could provide through legislation. Speaking on Wednesday in a Fox Business interview, the Arkansas Republican pointed to the U.S. Securities and Exchange Commission (SEC) [...]
The president of the Chamber's Financial Services Committee, French Hill, considers that the measures of the SEC and the CFTC are insufficient to give lasting certainty to the crypto sector. The legislator still expects Congress to pass the CLARITY law, although the legislative calendar and vacancies in both regulators complicate the picture.
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