Representative French Hill is calling for more decisive action regarding the regulation of digital assets, arguing that current efforts by federal agencies are simply not enough. As the chair of the House Financial Services Committee, Hill has expressed frustration with recent guidelines issued by the Securities and Exchange Commission and the Commodity Futures Trading Commission, stating that these administrative rules fall short of providing the long term certainty the industry needs.

According to Hill, relying on agency rulemaking creates a fragmented landscape that lacks the permanence of actual law. He believes that only comprehensive legislation, specifically through the CLARITY Act, can establish a stable framework for how cryptocurrencies are managed and traded in the United States. By moving beyond temporary guidance, lawmakers could provide clear boundaries for both innovators and investors.

Despite the tight timeline facing Washington, Hill remains optimistic about getting the measure across the finish line quickly. In a recent interview with Fox Business, he indicated his intention to push for a vote during the upcoming lame duck session. Passing the bill now would allow for critical regulatory shifts to take hold before a new Congress convenes in 2027.

This push comes at a pivotal time as the debate over jurisdiction between different financial regulators continues to simmer. If successful, Hill’s effort could shift significant power away from unilateral agency decisions and toward a statutory system defined by elected officials, potentially reshaping the future of fintech in America.