House Finance Chair Rejects SEC Crypto Rules, Pushes for CLARITY Act Before 2027

Representative French Hill stated that recent SEC and CFTC rule-making on digital assets lacks the permanent stability required for US market structure. The Senate has exactly 22 days in session between the midterm elections and the seating of the 2027 Congress to vote on the failed CLARITY Act. Both regulatory agencies are struggling with severe administrative gaps, currently operating with seven empty leadership vacancies at the commissioner level. The enforcement environment remains highly concentrated after the SEC dropped to two active members following Hester Peirce's resignation last week. "I still have hope [...] that we can get [CLARITY] passed in the lame duck session of Congress." — Representative French Hill