Rep. French Hill wants a deadline.
One year after the House of Representatives Pass Digital Asset Market Clarity Act, the Arkansas Republican who chairs the House Financial Services Committee used Fox Business interview with anchor Maria Bartiromo to pressure Senate leaders to vote before the August recess.
“I encouraged Senate leadership to bring this up for discussion,” Hill said. “I think if you set a date here in July, that will lead to these final meetings, these final discussions. You have to have a deadline in Congress to get people to move and reach a consensus.”
Hill thanked Senators Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott for their work to reach an agreement, and pointed to the 78 Democrats who supported the House measure a year ago.
Hill’s central argument is that the Clarity Act would resolve the moral concerns now used to prevent it, rather than deepen them.
Critics point to President Trump’s cryptocurrency projects, including the licensing of the TRUMP meme coin and the World Liberty Financial token sales, which were financially released on July 1. Reveal Tied to about $1.4 billion in 2025 income.
Hill asserts that the market framework provides the transparency that critics want.
“If we passed the Clarity Act last summer, many of the things that people are voicing concerns about — issuing cryptocurrencies, mutual investing, using exchanges, investing in exchanges — all of that would be within the market framework to be clearly regulated, no pun intended, and that would provide a lot of transparency for people concerned about the Trump family’s investments,” he said.
The law of clarity is coupled with the law of genius
Hill framed the bill as the missing half of the system that he pairs with the GENIUS Act, the stablecoin law enacted last year.
“A stablecoin is like a cell phone that is not connected to the cell phone network, and the market framework is actually that network that we need,” he said. To continue the pressure, Hill plans to hold a field hearing in New York next week, led by the Chairman of the Digital Assets Subcommittee, Rep. Brian Steele, to make the case for market structure.
His push was supported by two other votes in the same guise as Bartiromo. CFTC Chairman Michael Selig warned of “mission creep beyond what is critical here” and warned that the stalled bill leaves the rules up to regulators.
Coinbase Vice President Ryan Vangraak, a former SEC official, described the measure as “on the one-yard line,” with senators from both parties working “around the clock to get this to the finish line.”
The Senate returns on July 13, about three weeks before recess. Polymarket’s Market Clarity Law price prediction for 2026 is close to 39%, which is down from 74% the previous month.
