U.S. House Financial Services Committee Chairman French Hill said he is confident Congress will pass the CLARITY Act, a crypto market structure bill, before the November midterm elections. Hill said he agrees with U.S. SEC (U.S. securities regulator) Chairman Paul Atkins that the legislation is necessary and highly important for the U.S. digital asset industry. The House passed the bill last summer with support from 78 Democratic lawmakers, leaving the Senate to consider it next. Bipartisan senators have spent the past year continuing negotiations to reach agreement on the measure.