Rep. French Hill Says SEC and CFTC Crypto Rules ‘Fall Short’ of Clarity

crypto rules — U.S. Representative French Hill (R-Ark.) has criticized recent regulatory actions by the Securities and Exchange Commission and Commodity Futures Trading Commission, stating they “fall short” of providing the necessary clarity for the digital asset industry.

Speaking as Chairman of the House Financial Services Committee, Hill acknowledged the agencies’ efforts to step into the regulatory void following the collapse of the Clarity for Payment Stablecoins Act earlier this year. However, he argued that these administrative actions are an insufficient substitute for comprehensive legislation.

Hill emphasized that only a “permanent law change” passed by Congress can provide the stable foundation needed for the United States to maintain its leadership in financial innovation. His comments highlight the ongoing legislative stalemate in Washington regarding how to regulate cryptocurrencies and stablecoins.

The critique underscores a persistent tension between Congress and financial regulators, with lawmakers arguing that agency rulemaking lacks the durability and scope of formal statutes. The call for clearer rules from a senior committee chairman signals continued political pressure for a legislative solution to crypto regulation.