House Financial Services Committee Chair Confirms Support for Stablecoin Legislation

Congressman French Hill expresses confidence in advancing the GENIUS Act and Clarity Act, signaling potential progress for critical crypto legislation.

Summary

Congressman French Hill stated that the House has enough votes to advance key crypto legislation, including the GENIUS Act on stablecoins and the Clarity Act on market structure. He noted that the stablecoin bill has gained sufficient support to potentially proceed to a final vote, a previous attempt having failed in the House.

Terms & Concepts