Clarity Act Sponsor Says SEC, CFTC Crypto Rules Cannot Replace Legislation

House Financial Services Committee Chairman French Hill emphasised that SEC and CFTC crypto regulatory actions cannot replace comprehensive legislation, underscoring the need for durable statutory authority to provide regulatory certainty for digital assets. This follows the Senate's failure to advance the Clarity Act, which aimed to clarify jurisdictional boundaries between the SEC and CFTC and establish a market framework for digital assets.

This Wire brief sits within Fusion42's coverage of Fintech, and 40 sources have reported it between 22 Jul 2026 and 2 Oct 2026.