There’s a new development in U.S. crypto legislation. Earlier today, French Hill, chair of the House Financial Services Committee, said that although the SEC and CFTC are both advancing crypto regulatory measures, they still fall short of the long-term stability that congressional legislation can provide. The Senate failed to pass the Digital Asset Market Clarity Act (CLARITY) last month. The two agencies have since produced rulemaking plans, but Hill’s position is clear: that’s not enough. Permanent changes to the law are necessary, or the U.S. won’t be able to hold on to its leading position in digital assets and blockchain.
The window he has in mind is the lame-duck session after the midterm elections. He wants Congress to use that period to pass CLARITY. But two major uncertainties loom: between the November elections and the start of the new Congress in 2027, the Senate has only 22 session days; and Hill himself acknowledged that the election results could directly change lawmakers’ voting positions.
Here’s my take: this isn’t news of something that can happen right away; it’s a signal about timing. The two sticking points are those 22 session days and the election results, and both are highly uncertain. Regulatory uncertainty will remain until the bill actually passes. Just keep an eye on what happens during the lame-duck session—statements and action are two different things.
#行业动态 #加密货币 #Regulation
There’s no need to act immediately after reading this; the news will still be there tomorrow. The above does not constitute investment advice.
The window he has in mind is the lame-duck session after the midterm elections. He wants Congress to use that period to pass CLARITY. But two major uncertainties loom: between the November elections and the start of the new Congress in 2027, the Senate has only 22 session days; and Hill himself acknowledged that the election results could directly change lawmakers’ voting positions.
Here’s my take: this isn’t news of something that can happen right away; it’s a signal about timing. The two sticking points are those 22 session days and the election results, and both are highly uncertain. Regulatory uncertainty will remain until the bill actually passes. Just keep an eye on what happens during the lame-duck session—statements and action are two different things.
#行业动态 #加密货币 #Regulation
There’s no need to act immediately after reading this; the news will still be there tomorrow. The above does not constitute investment advice.