Chairman French Hill Urges Senate To Pass Crypto Market Legislation Following White House Report
Main Idea
House Committee on Financial Services Chairman French Hill urges the Senate to pass key digital asset legislation, following the White House's report advocating for clear crypto laws and regulatory frameworks.
Key Points
1. Chairman French Hill (R-AR) calls for the Senate to advance crypto policy, specifically the CLARITY Act and GENIUS Act, to President Trump’s desk.
2. The White House issued a report titled 'Strengthening American Leadership in Digital Financial Technology,' supporting DeFi and regulatory frameworks for digital assets.
3. Both the CLARITY Act and GENIUS Act received bipartisan support despite previous political polarization over crypto policies.
4. Republicans designated the week of July 14 as 'Crypto Week,' while Democrats, led by Maxine Waters (D-CA), countered with 'Anti-Crypto Corruption Week.'
5. The report emphasizes the need for clear crypto laws and SEC rules to foster innovation and leadership in digital financial technology.
Description
House Committee on Financial Services Chairman French Hill (R-AR) is urging the Senate to pass key digital asset legislation in a July 30 statement from the congressman following the White House’s publication of its long-awaited digital assets report. French Hill Urges Senators To Advance Crypto Market Structure Legislation According to the Wednesday statement , Hill is pushing for members of the U.S. Senate to advance crypto policy to U.S. President Donald Trump’s desk. “Now that the GENIUS Act...
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