French Hill says agency crypto rules cannot replace CLARITY Act

REGULATORY DECISIONFrench Hill says agency cryptorules cannot replace CLARITYAct31IMPORTANCEQUIET2NEWS MEDIA2PIECESOct 8, 2026 01:09blockboard.net

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.

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What this rests on

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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
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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
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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 Du
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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 Du

What it means

Who it affects, what changes and what is still unconfirmed

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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.

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Oct 8 01:06
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Oct 8 03:22
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Has this happened before?

WhenWhat happenedFigure
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