House Financial Services Committee Chair French Hill has renewed his push for a permanent US crypto law, saying regulatory action falls short of legislation as the Senate faces just 22 session days after November’s elections.
Summary
- Hill said SEC and CFTC crypto measures cannot provide the lasting framework Congress could establish.
- The Senate blocked CLARITY Act debate in September, with 49 votes supporting a 60-vote motion.
- Hill still hopes lawmakers can pass the bill during the post-election lame duck session.
- Seven commissioner seats remain vacant across the SEC and CFTC, according to the supplied report.
Fox Business carried Hill’s comments in an Oct. 7…
