French Hill said the CLARITY Act may help close regulatory gaps left by the GENIUS Act as banks and lawmakers debate oversight standards for crypto firms and stablecoin restrictions.
French Hill said the CLARITY Act could address regulatory gaps left unresolved by the GENIUS Act. He said banks remain concerned about how crypto firms may be regulated and noted an ongoing debate over whether crypto companies should be subject to bank-level oversight. Hill also said there is bipartisan support for banning yield-bearing stablecoins.