The House Financial Services chairman credited the SEC and CFTC for stepping in after the Clarity Act's collapse but said only "permanent law change" can secure U.S. leadership.
- Rep. French Hill argues that current SEC and CFTC crypto regulations, while a step, are insufficient and lack the durability of legislative law.
- He emphasizes the need for a permanent legislative solution, like the stalled Clarity Act, to ensure U.S. leadership in digital assets and blockchain technology.
- Hill believes that regulatory actions, such as exemptions and guidance, are fragile and can be overturned, unlike statutory law.
Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Onboarding prime brokerage
Tags: #repfrenchhill #sec #cftc #clarityact #digitalassets #blockchaintechnology #regulatoryclarity #legislativesolution #marketstructurelaw #tokenizedstocks
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