regulation and policy

French Hill says agency crypto rules cannot replace CLARITY Act

0Importance
closedStatus
2News media
2Pieces
Published
Updated
Since then
2 new reports

French Hill said on Wednesday that rulemaking from the SEC and CFTC does not solve the underlying issue he is focused on, and he argued that the CLARITY Act would make permanent changes instead. He also said he hopes Congress can pass the bill in the lame duck session before the next Congress begins in 2027.

Share on X Share on Telegram Share on Reddit Share on WhatsApp

Key claims & sources

✓
French Hill said on Wednesday that crypto rulemaking by the SEC and CFTC does not address the problem he is trying to solve.
French Hill says agency crypto rules cannot replace CLARITY Act
✓
His remarks framed the CLARITY Act as the better path than leaving crypto rules to the SEC and CFTC.
French Hill says agency crypto rules cannot replace CLARITY Act
✓
He said the CLARITY Act is more pressing because agency rules fall short of what the bill would do permanently.
CLARITY Act News: French Hill Says SEC And CFTC Rules “Fall Short,” Eyes Lame…
✓
He said he hopes Congress can pass the CLARITY Act in the lame duck session before the next Congress begins in 2027.
CLARITY Act News: French Hill Says SEC And CFTC Rules “Fall Short,” Eyes Lame…

What it means

Crypto firms and lawmakers watching the House Financial Services Committee are the main audience for this. Hill’s comments put the CLARITY Act back in front of Congress while signaling that current SEC and CFTC rulemaking is not the endpoint he wants.

In practice, the discussion shifts toward legislation instead of relying only on agency rules. What stays the same is that the SEC and CFTC can still issue crypto rules, but Hill described those rules as falling short of the permanent changes tied to the CLARITY Act.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market
first headline
+0.6% 2 h before
0.0% 4 h after
$2.8Tmarket cap at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 8 01:06
CR Cryptopolitan scoop
Breaks the event
+2 h 17 m
Oct 8 03:22
Coinpedia context
Its angle: coinpedia, permanent, appeared; with quotes

Has this happened before?

WhenWhat happenedFigure
31 days ago CFTC opens path for true perpetual futures on US regulated exchanges event 2 actors in common · 2 news media
31 days ago Better Markets says CFTC is ‘wrong agency’ to regulate retail crypto event 2 actors in common · 3 news media
32 days ago CFTC Seeks Public Comment on Advanced Notice of Proposed Rulemaking Relating to Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets event 2 actors in common · 13 news media
32 days ago House Finance panel chair says regulator actions on crypto ‘fall short’ of CLARITY bill event 2 actors in common · 5 news media
33 days ago The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking event 2 actors in common · 3 news media

What could happen next i