Confirmed Fox Business Oct 7 interview, yesterday.
*French Hill $MET $GTC $BSP House Financial Services Chair:*
"I still have hope that we can get [CLARITY] passed in the lame duck session of Congress. We need that permanent law change to make sure America is number one in digital assets and blockchain technology." — Fox Business Oct 7 2026 d926
- *Context:* Senate failed to advance CLARITY Act Sep — cloture 49 votes, needed 60 — despite House passing last summer with 78 Dem votes
- *Why Hill says legislation > agency rules:* SEC Chair Paul Atkins + CFTC Acting Chair Michael Selig announced rulemaking after Trump directive — Hill says that "falls short" — agency rules can be reversed next admin, no permanence — plus SEC has 2 commissioners, can't get 3 votes needed for rule proposal, 7 vacancies total across SEC/CFTC
- *Window:* Senate only 22 session days between Nov midterms and new Congress Jan 2027 — lame duck after elections when members know if returning — Hill calls it last chance — banking lobby vs crypto over stablecoin yield + ethics provision on officials' meme coins ($TRUMP / WLF ∼$1.4B 2025 disclosure) stalled deal — Hill argues CLARITY solves ethics by putting all under regulated framework
- *What CLARITY does:* Defines digital commodity vs security vs stablecoin — CFTC gets spot/commodity oversight (already handles crypto futures), SEC securities enforcement, banking regs combines with GENIUS Act stablecoin law
*BREAKING 🚨 Chair French Hill to Fox Oct 7: Still hopes CLARITY Act passes in lame duck 🚀 SEC/CFTC interim rules "fall short" — need permanent law to keep US #1 in digital assets — Senate blocked Sep 49/60, only 22 session days left post-midterms — bill splits CFTC/SEC oversight, settles stablecoin yield + ethics fight 🔍*#FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence
*French Hill $MET $GTC $BSP House Financial Services Chair:*
"I still have hope that we can get [CLARITY] passed in the lame duck session of Congress. We need that permanent law change to make sure America is number one in digital assets and blockchain technology." — Fox Business Oct 7 2026 d926
- *Context:* Senate failed to advance CLARITY Act Sep — cloture 49 votes, needed 60 — despite House passing last summer with 78 Dem votes
- *Why Hill says legislation > agency rules:* SEC Chair Paul Atkins + CFTC Acting Chair Michael Selig announced rulemaking after Trump directive — Hill says that "falls short" — agency rules can be reversed next admin, no permanence — plus SEC has 2 commissioners, can't get 3 votes needed for rule proposal, 7 vacancies total across SEC/CFTC
- *Window:* Senate only 22 session days between Nov midterms and new Congress Jan 2027 — lame duck after elections when members know if returning — Hill calls it last chance — banking lobby vs crypto over stablecoin yield + ethics provision on officials' meme coins ($TRUMP / WLF ∼$1.4B 2025 disclosure) stalled deal — Hill argues CLARITY solves ethics by putting all under regulated framework
- *What CLARITY does:* Defines digital commodity vs security vs stablecoin — CFTC gets spot/commodity oversight (already handles crypto futures), SEC securities enforcement, banking regs combines with GENIUS Act stablecoin law
*BREAKING 🚨 Chair French Hill to Fox Oct 7: Still hopes CLARITY Act passes in lame duck 🚀 SEC/CFTC interim rules "fall short" — need permanent law to keep US #1 in digital assets — Senate blocked Sep 49/60, only 22 session days left post-midterms — bill splits CFTC/SEC oversight, settles stablecoin yield + ethics fight 🔍*#FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence
