Does French Hill Support Crypto?

Representative French Hill delivers a powerful and precise condemnation of one of the most significant threats to the digital asset industry: systematic debanking. This statement is a masterclass in pro-crypto advocacy and fully earns its perfect support score. He correctly identifies that the lack of clear rules has enabled regulators, including former SEC Chair Gensler and bank supervisors, to pressure financial institutions into denying services to legal crypto businesses. This "debanking" is not a free market outcome; it's a coordinated effort to stifle a legitimate industry through regulatory ambiguity, which Hill rightly calls "terrible for American competitiveness." Crucially, he doesn't just diagnose the problem; he provides the solution. He directly links this hostile environment to the necessity of his market structure bill, the CLARITY Act. As a reminder, this legislation is designed to create the "clear rules of the road" that the industry has been demanding. It would provide a pathway for innovators to operate without fear of being arbitrarily cut off from the financial system. By framing his goal as encouraging the use of blockchain technology and ensuring the government supports, rather than attacks, this innovation, Chairman Hill confirms his position as a true champion for the space. He understands the core issues and is leading the charge to solve them with sound policy.

Representative French Hill continues his consistent and vocal advocacy for establishing the United States as a global leader in digital assets. This appearance on a major crypto-native media outlet to discuss legislation is another clear indicator of his deeply pro-crypto stance. The "digital asset market structure legislation" he refers to is the CLARITY Act, a bill he authored. As a reminder, this legislation is designed to end the "regulation by enforcement" approach by creating clear definitions for digital commodities and giving primary jurisdiction to the CFTC. It is one of the most significant pieces of pro-crypto legislation proposed. By framing the goal as making America the "crypto capital of the world," Chairman Hill is positioning crypto not as a threat to be managed, but as a generational opportunity for American innovation and leadership. This perspective is crucial and stands in stark contrast to regulators who focus narrowly on enforcement without providing a path forward for legitimate projects. This action is entirely in line with his perfect support score. He is not just voting correctly; he is actively leading the charge, engaging with the industry directly, and consistently working to pass foundational, common-sense laws. This is the definition of a champion for the space.

Representative French Hill once again demonstrates his unwavering commitment to establishing a clear and sensible regulatory framework for digital assets in the United States. In this statement, he highlights the crucial bipartisan support for the CLARITY Act, a bill he authored. For context, the Digital Asset Market Clarity Act (CLARITY Act) is landmark legislation designed to provide the crypto industry with the certainty it has long sought. It would grant the Commodity Futures Trading Commission (CFTC) jurisdiction over digital commodities and establish a clear process for distinguishing them from securities, effectively pushing back against the current approach of regulation by enforcement. By emphasizing that the bill received "78 Democrat votes" and "overwhelming support by Democrats and Republicans," Hill is sending a powerful message: supporting crypto innovation is not a partisan issue. This broad-based support is essential for building the momentum needed to pass legislation in the Senate. His call for the Senate to take up the bill shows his focus is on getting this across the finish line. This is a perfect example of effective, pro-crypto leadership and is entirely consistent with his perfect score.

French Hill continues to push for crucial legislation for digital assets! His announcement that the CLARITY Act and the GENIUS Act will be brought to the House floor soon is a major development. As a reminder, the CLARITY Act aims to establish a clear regulatory framework for digital commodities, providing much-needed certainty for the crypto industry. The GENIUS Act focuses on stablecoins, promoting innovation while ensuring consumer protection. Together, these bills represent a significant step towards fostering a thriving and well-regulated digital asset ecosystem in the US. This is excellent news for the crypto community, as it demonstrates continued progress towards sensible regulation.

French Hill continues to champion a clear regulatory framework for digital assets in the US! His assertion that their bill will establish the US as a global fintech leader is a powerful statement about the potential of this legislation. This bill aims to provide regulatory clarity, which is crucial for fostering innovation and investment in the crypto space. By creating a predictable and transparent regulatory environment, the US can attract businesses and entrepreneurs, driving growth and establishing itself as a hub for digital asset innovation. This is a significant step towards securing America's future as a global leader in fintech.

French Hill, Chairman of the House Financial Services Committee, once again demonstrates his unwavering commitment to establishing a clear and robust regulatory framework for stablecoins in the US. His recent statement highlights the importance of collaboration and open dialogue in crafting legislation that addresses the unique challenges and opportunities presented by dollar-backed stablecoins. The emphasis on "getting this right" underscores Hill's dedication to thoughtful and effective regulation, rather than a rushed or ill-conceived approach. His acknowledgment of "prior work" and the "new opportunity" with the Trump administration and Republican control of Congress suggests a strategic approach to building consensus and achieving legislative success. The fact that Hill and Rep. Bryan Steil released a discussion draft for stablecoin legislation demonstrates their proactive approach to shaping the future of digital finance. Their willingness to solicit feedback from various stakeholders, including House and Senate colleagues, the Trump administration, and industry leaders, further reinforces their commitment to creating a regulatory framework that fosters innovation while mitigating risks. Hill's observation about the bipartisan support for digital asset legislation in the previous Congress is a crucial point. It signifies that the potential benefits of digital assets, including stablecoins, are recognized across the political spectrum. This bipartisan recognition is essential for the long-term success and adoption of stablecoins and other digital assets in the United States. Hill's commitment to working together to pass meaningful legislation is a positive sign for the crypto community and suggests a bright future for responsible innovation in the digital asset space.

French Hill continues to be a champion for sound money and common sense crypto regulation! Releasing a discussion draft for stablecoin legislation is a critical step towards providing regulatory clarity, which is essential for the growth and adoption of stablecoins. This proactive approach will help ensure the U.S. remains a leader in the digital asset space. A well-regulated stablecoin market can foster innovation while protecting consumers. This is a big win for the crypto community! I encourage everyone to read the draft and engage in the discussion. The future of finance depends on it!

I see Congressman French Hill is once again standing up for the crypto community by criticizing the Treasury's new broker reporting rule. As many of you know, this rule vastly expands the definition of "broker" in the context of digital assets, potentially capturing entities like miners, validators, and even software developers. This is a significant concern for the decentralized nature of crypto, as it could impose burdensome reporting requirements on individuals and entities who don't even have access to the information the Treasury seeks. It's a clear overreach and, as Rep. Hill points out, a poorly crafted attempt to bring DeFi under traditional financial regulations. This is a crucial fight for the future of crypto, and I applaud Rep. Hill for his continued strong support. His consistent pro-crypto stance is a beacon of hope in these uncertain regulatory times.